$ONE lost the 0.0014 level; current price: 0.001391.
Near a key price level, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s only a genuine breakdown if the close is below 0.0014.
② Rebound: Can the price reclaim the area around 0.0014? If it can’t, that’s a flip.
③ Volume: Is there a pickup in volume during the breakdown? A breakdown on low volume is more likely to be reversed.
Near a key price level, I usually look at three things:
① Holding above: An intraday dip below doesn’t count; it’s only a genuine breakdown if the close is below 0.0014.
② Rebound: Can the price reclaim the area around 0.0014? If it can’t, that’s a flip.
③ Volume: Is there a pickup in volume during the breakdown? A breakdown on low volume is more likely to be reversed.
