A $AIN 24-hour low, with the current price at 0.03854 and the previous low at 0.03876.
After a new low, there are usually three possible scenarios:
① A rebound gets rejected at the previous low: the downtrend continues
② The price moves sideways near the previous low: consolidation while waiting for direction
③ The price quickly reclaims the previous low and holds above it: a false breakdown
It’s currently below the previous low, so first watch whether scenario ① or ② plays out.
Do your homework before placing a trade.
After a new low, there are usually three possible scenarios:
① A rebound gets rejected at the previous low: the downtrend continues
② The price moves sideways near the previous low: consolidation while waiting for direction
③ The price quickly reclaims the previous low and holds above it: a false breakdown
It’s currently below the previous low, so first watch whether scenario ① or ② plays out.
Do your homework before placing a trade.