A valid breakout needs volume confirmation; breakouts without volume tend to fall back into the range.
Take this case: Tether once abandoned plans to establish an entity in Switzerland due to tax issues, but continued operating through a local company.
Focus on the timing gap between the price and the news: whether the price rose before the news came out or the news came after the fact makes a difference.
$BTC , down 5.12% intraday.
Take this case: Tether once abandoned plans to establish an entity in Switzerland due to tax issues, but continued operating through a local company.
Focus on the timing gap between the price and the news: whether the price rose before the news came out or the news came after the fact makes a difference.
$BTC , down 5.12% intraday.