$ARIA has fallen below the 0.2 level, with the current price at 0.1997.
Near key price levels, I usually watch three things:
① Holding steady: An intraday dip below doesn’t count; it’s a genuine break only if the price closes below 0.2.
② Rebound: Can the price reclaim the 0.2 area on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did volume increase during the breakdown? A break on low volume is more likely to be reversed.
Near key price levels, I usually watch three things:
① Holding steady: An intraday dip below doesn’t count; it’s a genuine break only if the price closes below 0.2.
② Rebound: Can the price reclaim the 0.2 area on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did volume increase during the breakdown? A break on low volume is more likely to be reversed.
