$EIGEN broke below the 24-hour low: current price 0.1763, previous low 0.1778.
After the breakdown, watch two things:
· Whether the previous low of 0.1778 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may just be a bear trap
What signals would you look for before making a move?
#EIGEN
After the breakdown, watch two things:
· Whether the previous low of 0.1778 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may just be a bear trap
What signals would you look for before making a move?
#EIGEN