$VVV 24-hour low, current price 25.767, previous low 25.971.
After a new low, there are generally three possible scenarios:
① A rebound hits the previous low and gets pushed back down: the decline continues
② Price fluctuates around the previous low: a shift in hands while the market waits for direction
③ Price quickly recovers the previous low and holds above it: a false breakdown
For now, price is still below the previous low, so let’s see whether scenario ① or ② plays out.
Please be aware of the risks. Make your own decisions. This is not investment advice.
After a new low, there are generally three possible scenarios:
① A rebound hits the previous low and gets pushed back down: the decline continues
② Price fluctuates around the previous low: a shift in hands while the market waits for direction
③ Price quickly recovers the previous low and holds above it: a false breakdown
For now, price is still below the previous low, so let’s see whether scenario ① or ② plays out.
Please be aware of the risks. Make your own decisions. This is not investment advice.