$ADA has moved above the 0.185 level, with the current price at 0.1853.
Near key price levels, I usually look at three things:
① Holding above: An intraday move above it doesn’t count; it’s a true breakout only if the price closes above 0.185;
② Retest: Can the price hold around 0.185 on a pullback? If it holds, that confirms the switch;
③ Volume: Did volume increase during the breakout? A breakout on lower volume is more likely to reverse.
#ADA
Near key price levels, I usually look at three things:
① Holding above: An intraday move above it doesn’t count; it’s a true breakout only if the price closes above 0.185;
② Retest: Can the price hold around 0.185 on a pullback? If it holds, that confirms the switch;
③ Volume: Did volume increase during the breakout? A breakout on lower volume is more likely to reverse.
#ADA