$VIRTUAL broke below the 24-hour low: current price 0.5626, previous low 0.5651.
After the breakdown, watch two things:
· Will the previous low of 0.5651 turn from support into resistance (if the rebound fails to reclaim it)?
· Was there a surge in volume during the breakdown? A low-volume break may just be a bear trap.
Do you think the market overreacted?
After the breakdown, watch two things:
· Will the previous low of 0.5651 turn from support into resistance (if the rebound fails to reclaim it)?
· Was there a surge in volume during the breakdown? A low-volume break may just be a bear trap.
Do you think the market overreacted?
