$BIRB breached the 7-day low: current price 0.07281, previous low 0.07345.
After the breakdown, watch two things:
· Whether the previous low of 0.07345 turns from support into resistance (the rebound fails to break through)
· Whether trading volume increases during the break; a low-volume break could be a false breakdown
Would you chase or wait?
#BIRB
After the breakdown, watch two things:
· Whether the previous low of 0.07345 turns from support into resistance (the rebound fails to break through)
· Whether trading volume increases during the break; a low-volume break could be a false breakdown
Would you chase or wait?
#BIRB
