$AAVE breaks below the 7-day low: current price 116.79, previous low 117.67.
After the breakdown, watch two things:
· Whether the previous low of 117.67 turns from support into resistance (price fails to rebound above it)
· Whether trading volume increases on the breakdown; a low-volume break may be a false breakdown
What do you think?
After the breakdown, watch two things:
· Whether the previous low of 117.67 turns from support into resistance (price fails to rebound above it)
· Whether trading volume increases on the breakdown; a low-volume break may be a false breakdown
What do you think?