$SKY 7 hits a new low; the current price is 0.07604, with the previous low at 0.07672.
After a new low, there are usually three common ways the market moves:
① It bounces back to the previous low only to be pushed back down: the decline continues
② It consolidates near the previous low: digestion, then decide the direction
③ It quickly reclaims the previous low and holds above it: a fake breakdown
It is currently below the previous low; we need to observe whether it is option ① or ②.
#SKY
Not investment advice—just take a look.
After a new low, there are usually three common ways the market moves:
① It bounces back to the previous low only to be pushed back down: the decline continues
② It consolidates near the previous low: digestion, then decide the direction
③ It quickly reclaims the previous low and holds above it: a fake breakdown
It is currently below the previous low; we need to observe whether it is option ① or ②.
#SKY
Not investment advice—just take a look.