$EVAA broke through the 1.6 level, with the current price at 1.6086.
Near key price levels, I usually watch three things:
① Holding above: An intraday move above doesn’t count; it’s a valid breakout only if the entire candlestick stays above 1.6.
② Pullback: Can it hold near 1.6 on a pullback? If so, resistance has turned into support.
③ Volume: Did volume increase during the breakout? A breakout on lower volume is more likely to be reversed.
Near key price levels, I usually watch three things:
① Holding above: An intraday move above doesn’t count; it’s a valid breakout only if the entire candlestick stays above 1.6.
② Pullback: Can it hold near 1.6 on a pullback? If so, resistance has turned into support.
③ Volume: Did volume increase during the breakout? A breakout on lower volume is more likely to be reversed.