$HYPE broke below the 30-day low: current price 68.01, previous low 69.419.
After the breakdown, watch two things:
· Whether the previous low of 69.419 turns from support into resistance (the rebound fails to reclaim it)
· Whether volume picked up during the breakdown; a breakdown on low volume may just be a bear trap
What do you think happens next?
#HYPE
After the breakdown, watch two things:
· Whether the previous low of 69.419 turns from support into resistance (the rebound fails to reclaim it)
· Whether volume picked up during the breakdown; a breakdown on low volume may just be a bear trap
What do you think happens next?
#HYPE
