$SWARMS hits a new 7-day high: current price 0.006861, previous high 0.006839.
After the breakout, two things are key:
· Can the previous high of 0.006839 turn from resistance into support (holding on a pullback)?
· Was there a surge in volume during the breakout? A breakout on declining volume often turns into a bull trap.
What confirmation are you waiting for before taking action?
Personal notes; make your own decisions about buying and selling.
After the breakout, two things are key:
· Can the previous high of 0.006839 turn from resistance into support (holding on a pullback)?
· Was there a surge in volume during the breakout? A breakout on declining volume often turns into a bull trap.
What confirmation are you waiting for before taking action?
Personal notes; make your own decisions about buying and selling.
