$CHIP breached the 24-hour low: current price 0.03632, previous low 0.03651.
After the breakdown, watch two things:
· Whether the previous low of 0.03651 turns from support into resistance (the rebound fails to break above it)
· Whether trading volume increases during the break; a low-volume breakdown could just be a bear trap
Is this a signal or noise?
#CHIP
After the breakdown, watch two things:
· Whether the previous low of 0.03651 turns from support into resistance (the rebound fails to break above it)
· Whether trading volume increases during the break; a low-volume breakdown could just be a bear trap
Is this a signal or noise?
#CHIP
