$SOL broke below its 30-day low: current price 68.25, previous low 68.52.
After the breakdown, watch two things:
· Whether the previous low of 68.52 turns from support into resistance (the rebound fails to reclaim it)
· Whether volume picks up on the breakdown; a low-volume break could be a false breakdown
How would you respond?
After the breakdown, watch two things:
· Whether the previous low of 68.52 turns from support into resistance (the rebound fails to reclaim it)
· Whether volume picks up on the breakdown; a low-volume break could be a false breakdown
How would you respond?