$PLAY 5 minutes, down 5.89%. Current price: 0.01012; 24-hour range: 0.00625 ~ 0.01121.
A genuine breakout is often accompanied by increased volume, while false breakouts often lack volume. This is the method I use most often to judge.
When prices fall this much in a short time, panic selling usually surges. Wait for the selling pressure to ease before reassessing.