$BIRB broke below the 24-hour low: current price 0.07632, previous low 0.07714.
After the breakdown, watch two things:
Will the previous low of 0.07714 turn from support into resistance (if the rebound fails to reclaim it)?
Did trading volume increase during the breakdown? A low-volume breakdown may just be a bear trap.
How would you trade this?
#BIRB
After the breakdown, watch two things:
Will the previous low of 0.07714 turn from support into resistance (if the rebound fails to reclaim it)?
Did trading volume increase during the breakdown? A low-volume breakdown may just be a bear trap.
How would you trade this?
#BIRB
