$BR 24-hour new low, current price 0.4696, previous low 0.4728.
After a new low, there are generally three possible moves:
① A rebound to the previous low and then falling back: weakness continues
② Repeated tug-of-war around the previous low: turnover, watch the direction
③ Quickly reclaim the previous low and hold above it: a false breakdown
Currently below the previous low, observe whether it is ① or ②.
#BR
Ideas can be wrong at any time; use at your own risk.
After a new low, there are generally three possible moves:
① A rebound to the previous low and then falling back: weakness continues
② Repeated tug-of-war around the previous low: turnover, watch the direction
③ Quickly reclaim the previous low and hold above it: a false breakdown
Currently below the previous low, observe whether it is ① or ②.
#BR
Ideas can be wrong at any time; use at your own risk.