$MORPHO 7New low, current price 2.393, previous low 2.4486.
After making a new low, there are generally three ways the price can move:
① Rebound to touch the previous low and then fall again: the decline continues
② Choppy back-and-forth around the previous low: turnover/volume, waiting for direction
③ Quickly reclaim the previous low and hold it: a bull trap (stop-hunt)
Right now it is below the previous low—first see whether it falls under① or②.
#MORPHO
Data is for reference only; make decisions independently.
After making a new low, there are generally three ways the price can move:
① Rebound to touch the previous low and then fall again: the decline continues
② Choppy back-and-forth around the previous low: turnover/volume, waiting for direction
③ Quickly reclaim the previous low and hold it: a bull trap (stop-hunt)
Right now it is below the previous low—first see whether it falls under① or②.
#MORPHO
Data is for reference only; make decisions independently.