$PLUME breached its 24-hour low: current price 0.01297, previous low 0.01314.
After the breakdown, watch two things:
· Whether the previous low of 0.01314 turns from support into resistance (a rebound fails to reclaim it)
· Whether trading volume picks up as the price breaks lower—a low-volume breakdown may just be a bear trap
Which signal do you trust?
Make your own decisions about entering and exiting; don’t follow blindly.
After the breakdown, watch two things:
· Whether the previous low of 0.01314 turns from support into resistance (a rebound fails to reclaim it)
· Whether trading volume picks up as the price breaks lower—a low-volume breakdown may just be a bear trap
Which signal do you trust?
Make your own decisions about entering and exiting; don’t follow blindly.