$BR 24-hour new low; current price 0.4817, previous low 0.4834.
After a new low, three common scenarios are:
① Bounces back to the previous low and gets pushed down: the decline continues
② Moves sideways near the previous low: consolidation while waiting for direction
③ Quickly reclaims the previous low and holds above it: a bear trap
For now, the price is still below the previous low. Watch to see whether scenario ① or ② plays out.
#BR
Data is for reference only. Make your own independent trading decisions.
After a new low, three common scenarios are:
① Bounces back to the previous low and gets pushed down: the decline continues
② Moves sideways near the previous low: consolidation while waiting for direction
③ Quickly reclaims the previous low and holds above it: a bear trap
For now, the price is still below the previous low. Watch to see whether scenario ① or ② plays out.
#BR
Data is for reference only. Make your own independent trading decisions.