$0G confirms a new 24-hour low.
24h -2.22%, current price 0.291, previous low 0.2926.
In terms of structure, a new low indicates that the bulls’ line of defense has been broken. For a rebound, first we need to see if it can hold back above the previous low. If it can’t reclaim it, weakness is likely to continue. If it does reclaim it, it may indicate a bottoming structure. Will the market turn later?
#0G
Personal observations only, not investment advice. Be mindful of risk.
24h -2.22%, current price 0.291, previous low 0.2926.
In terms of structure, a new low indicates that the bulls’ line of defense has been broken. For a rebound, first we need to see if it can hold back above the previous low. If it can’t reclaim it, weakness is likely to continue. If it does reclaim it, it may indicate a bottoming structure. Will the market turn later?
#0G
Personal observations only, not investment advice. Be mindful of risk.