$ON has broken below the 0.1 level; the current price is 0.0998.
Around key price levels, I usually watch three things:
① Holding steady: An intraday break below doesn’t count; it’s a true break only if the price closes below 0.1.
② Rebound: Can it reclaim the area around 0.1 after bouncing back? If it can’t, the transition is complete.
③ Volume: Did volume pick up during the break? Breaks on low volume are more likely to be reversed.
#ON
Crypto assets can move sharply, so keep your position size in check.
Around key price levels, I usually watch three things:
① Holding steady: An intraday break below doesn’t count; it’s a true break only if the price closes below 0.1.
② Rebound: Can it reclaim the area around 0.1 after bouncing back? If it can’t, the transition is complete.
③ Volume: Did volume pick up during the break? Breaks on low volume are more likely to be reversed.
#ON
Crypto assets can move sharply, so keep your position size in check.
