$CYBER 24-hour low, current price 0.296, previous low 0.3011.
After a new low, there are generally three possible moves:
① Rebounds to the previous low and gets pushed back down: the decline continues
② Repeatedly moves back and forth near the previous low: turnover; watch for direction
③ Quickly recovers the previous low and holds above it: a bear trap
Currently below the previous low; first see whether it’s scenario ① or ②.
#CYBER
After a new low, there are generally three possible moves:
① Rebounds to the previous low and gets pushed back down: the decline continues
② Repeatedly moves back and forth near the previous low: turnover; watch for direction
③ Quickly recovers the previous low and holds above it: a bear trap
Currently below the previous low; first see whether it’s scenario ① or ②.
#CYBER
