$BIRB 24-hour low, current price 0.07904, previous low 0.07948.
Three common moves after making a new low:
① A rebound reaches the previous low, then gets pushed back down: the decline continues
② Price fluctuates around the previous low: positions change hands while the market waits for direction
③ Price quickly recovers the previous low and holds above it: a false breakdown
Price is still below the previous low, so for now, watch whether it follows ① or ②.
Three common moves after making a new low:
① A rebound reaches the previous low, then gets pushed back down: the decline continues
② Price fluctuates around the previous low: positions change hands while the market waits for direction
③ Price quickly recovers the previous low and holds above it: a false breakdown
Price is still below the previous low, so for now, watch whether it follows ① or ②.