$MUBARAK lost the 24-hour low: current price 0.04455, previous low 0.04475.
After the breakdown, watch two things:
· Whether the previous low of 0.04475 turns from support into resistance (a rebound fails to break through)
· Whether trading volume increases on the breakdown; a break on low volume may just be a bear trap
Do you trust technicals or market sentiment more?
After the breakdown, watch two things:
· Whether the previous low of 0.04475 turns from support into resistance (a rebound fails to break through)
· Whether trading volume increases on the breakdown; a break on low volume may just be a bear trap
Do you trust technicals or market sentiment more?
