$ONE 24-hour low, current price 0.002063, previous low 0.002067.
Three common moves after a new low:
① A rebound gets rejected at the previous low: the downtrend continues
② Price moves sideways near the previous low: turnover as the market waits for direction
③ Price quickly reclaims the previous low and holds above it: a false breakdown
Price is currently below the previous low. Watch to see whether it follows ① or ②.
#ONE
Stay calm and manage your position size.
Three common moves after a new low:
① A rebound gets rejected at the previous low: the downtrend continues
② Price moves sideways near the previous low: turnover as the market waits for direction
③ Price quickly reclaims the previous low and holds above it: a false breakdown
Price is currently below the previous low. Watch to see whether it follows ① or ②.
#ONE
Stay calm and manage your position size.