$HOT broke above the 0.0005 level and is now priced at 0.000537.
Near key price levels, I usually look at three things:
① Close: An intraday spike doesn’t count; the entire candlestick must stay above 0.0005 for the breakout to be valid.
② Retest: Can it hold when the price pulls back to around 0.0005? If so, that confirms the flip.
③ Volume: Did trading volume pick up during the breakout? Breakouts without volume are more likely to be reversed.
Near key price levels, I usually look at three things:
① Close: An intraday spike doesn’t count; the entire candlestick must stay above 0.0005 for the breakout to be valid.
② Retest: Can it hold when the price pulls back to around 0.0005? If so, that confirms the flip.
③ Volume: Did trading volume pick up during the breakout? Breakouts without volume are more likely to be reversed.