🐋 $JCT fell below the 0.0047 mark, 4 days after it last reached this level.
A large number of orders tend to pile up around key levels, so let’s start by discussing how they can influence price action.
Common ways to judge whether a breakout is genuine include: the close is on the other side of the level, a retest fails to reclaim it, and trading volume picks up during the break.
Several data points confirming one another is more reliable than relying on just one, but even more indicators can’t provide a definitive answer.
A large number of orders tend to pile up around key levels, so let’s start by discussing how they can influence price action.
Common ways to judge whether a breakout is genuine include: the close is on the other side of the level, a retest fails to reclaim it, and trading volume picks up during the break.
Several data points confirming one another is more reliable than relying on just one, but even more indicators can’t provide a definitive answer.