$MON 7 hit a new low today. Current price: 0.02575; previous low: 0.02606.
After a new low, there are generally three possible moves:
① Bounces back to the previous low, then falls again: the downtrend continues
② Moves sideways near the previous low: consolidation while waiting for direction
③ Quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low. Watch to see whether scenario ① or ② plays out.
#MON
Crypto markets are highly volatile. Please be aware of the risks.
After a new low, there are generally three possible moves:
① Bounces back to the previous low, then falls again: the downtrend continues
② Moves sideways near the previous low: consolidation while waiting for direction
③ Quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low. Watch to see whether scenario ① or ② plays out.
#MON
Crypto markets are highly volatile. Please be aware of the risks.