A 5.18 percent daily drop tests quiet volume near 943.52.
$MUB sits down on $12.05M daily volume following a session low near 930.75 and a high at 1002.67. Hourly volume has cooled to 0.39x the prior average.
A bullish continuation scenario depends on reclaiming the upper range boundary near 1002.67 with expanding volume. Conversely, breaking below the 930.75 low signals invalidation of current consolidation.
Will volume return to confirm a breakout toward 1002.67, or does a drop below 930.75 invalidate the bounce?
Tap $MUB for the live chart. #MUB #BinanceSquare
$MUB sits down on $12.05M daily volume following a session low near 930.75 and a high at 1002.67. Hourly volume has cooled to 0.39x the prior average.
A bullish continuation scenario depends on reclaiming the upper range boundary near 1002.67 with expanding volume. Conversely, breaking below the 930.75 low signals invalidation of current consolidation.
Will volume return to confirm a breakout toward 1002.67, or does a drop below 930.75 invalidate the bounce?
Tap $MUB for the live chart. #MUB #BinanceSquare