A valid breakout needs volume to follow through; breakouts on low volume often fall back into the range.
Take this example: a Democratic Party election victory challenges the Trump trade, affecting AI stocks and cryptocurrencies.
Wait for the price to retest the range it was in before the news came out. Only if it holds will that show the news is having an effect.
$BTC , 24h +0.91%.
Take this example: a Democratic Party election victory challenges the Trump trade, affecting AI stocks and cryptocurrencies.
Wait for the price to retest the range it was in before the news came out. Only if it holds will that show the news is having an effect.
$BTC , 24h +0.91%.