$VVV A new 24-hour low has appeared.
24h: -5.49%, current price: 17.736, previous low: 18.014.
Structurally, a new low means the bulls’ line of defense has been breached. The first thing to watch on a rebound is whether the price can reclaim the previous low; if it can’t, the weakness is likely to continue. Getting back above it could signal a false breakdown. Anyone who knows their stuff want to discuss?
24h: -5.49%, current price: 17.736, previous low: 18.014.
Structurally, a new low means the bulls’ line of defense has been breached. The first thing to watch on a rebound is whether the price can reclaim the previous low; if it can’t, the weakness is likely to continue. Getting back above it could signal a false breakdown. Anyone who knows their stuff want to discuss?