$SOON 7 A new daily low has appeared.
24h: -3.07%, current price: 0.2995, previous low: 0.3011.
Structurally, a new low means the bulls' defensive line has been breached. First, watch whether the price can reclaim the previous low on a rebound. If it can't, the weakness may continue; only a reclaim could potentially form a bottoming structure. What reasons do you each have for being bullish or bearish?
#SOON
24h: -3.07%, current price: 0.2995, previous low: 0.3011.
Structurally, a new low means the bulls' defensive line has been breached. First, watch whether the price can reclaim the previous low on a rebound. If it can't, the weakness may continue; only a reclaim could potentially form a bottoming structure. What reasons do you each have for being bullish or bearish?
#SOON