$INIT hits a 30-day high: current price 0.3482, previous high 0.343.
After the breakout, watch two key things:
· Whether the previous high of 0.343 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume; breakouts on declining volume often turn out to be false breakouts
Which signal would you trust?
#INIT
After the breakout, watch two key things:
· Whether the previous high of 0.343 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume; breakouts on declining volume often turn out to be false breakouts
Which signal would you trust?
#INIT
