Technical Note｜$AAVE ｜Breaking through the 130 level
First, the definition: Common criteria for deciding whether a breakout is valid include closing on the other side of the level, holding above it on a retest, and seeing volume pick up during the breakout.
Next, how to read it: The first rebound after a break below is often seen as a test. If the price is rejected below the level, that lends more weight to the idea that support has turned into resistance.
With leveraged trading, first consider whether you can withstand the worst-case scenario, then look at what the indicators are saying.
First, the definition: Common criteria for deciding whether a breakout is valid include closing on the other side of the level, holding above it on a retest, and seeing volume pick up during the breakout.
Next, how to read it: The first rebound after a break below is often seen as a test. If the price is rejected below the level, that lends more weight to the idea that support has turned into resistance.
With leveraged trading, first consider whether you can withstand the worst-case scenario, then look at what the indicators are saying.