$IOST breaks through its 24-hour high: current price 0.000879, previous high 0.0008734.
After the breakout, keep an eye on two things:
· Whether the previous high of 0.0008734 turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a bull trap
Do you think the market overreacted?
#IOST
Personal notes, not investment advice.
After the breakout, keep an eye on two things:
· Whether the previous high of 0.0008734 turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a bull trap
Do you think the market overreacted?
#IOST
Personal notes, not investment advice.