$ENA breaks below the 30-day low: current price 0.1215, previous low 0.1218.
After the breakdown, watch two things:
· Whether the previous low of 0.1218 turns from support into resistance (price fails to break through on a rebound)
· Whether volume picks up during the drop; a break below on low volume may be a false breakdown
What do you think?
This is purely my personal opinion and should not be taken as a basis for trading.
After the breakdown, watch two things:
· Whether the previous low of 0.1218 turns from support into resistance (price fails to break through on a rebound)
· Whether volume picks up during the drop; a break below on low volume may be a false breakdown
What do you think?
This is purely my personal opinion and should not be taken as a basis for trading.
