$ON has fallen below the 0.2 level; the current price is 0.1973.
Near key price levels, I usually look at three things:
① Close: An intraday dip below doesn’t count; it’s a valid break only if the entire candlestick closes below 0.2;
② Rebound: Can it climb back above 0.2 on a rebound? If it can’t, the transition is complete;
③ Volume: Did trading volume increase during the breakdown? A low-volume break is more likely to be reversed.
Near key price levels, I usually look at three things:
① Close: An intraday dip below doesn’t count; it’s a valid break only if the entire candlestick closes below 0.2;
② Rebound: Can it climb back above 0.2 on a rebound? If it can’t, the transition is complete;
③ Volume: Did trading volume increase during the breakdown? A low-volume break is more likely to be reversed.
