$ARB has broken below the 0.16 level; the current price is 0.1595.
Around key price levels, I usually watch three things:
① Holding: An intraday wick below doesn’t count; it’s a genuine breakdown only if the price closes below 0.16.
② Rebound: Can it reclaim the 0.16 area? If it can’t close back above, support has turned into resistance.
③ Volume: Did trading volume increase during the breakdown? A move on low volume is more likely to be reversed.
#ARB
Around key price levels, I usually watch three things:
① Holding: An intraday wick below doesn’t count; it’s a genuine breakdown only if the price closes below 0.16.
② Rebound: Can it reclaim the 0.16 area? If it can’t close back above, support has turned into resistance.
③ Volume: Did trading volume increase during the breakdown? A move on low volume is more likely to be reversed.
#ARB