$BULLA hit a new 24-hour low. The current price is 0.07769, and the previous low was 0.0783.
After a new low, there are generally three possible moves:
① Rebound to the previous low, then get pushed back down: the decline continues
② Move sideways near the previous low: turnover as the market waits for direction
③ Quickly reclaim the previous low and hold above it: a bear trap
The price is currently below the previous low. For now, watch whether it follows scenario ① or ②.
#BULLA
After a new low, there are generally three possible moves:
① Rebound to the previous low, then get pushed back down: the decline continues
② Move sideways near the previous low: turnover as the market waits for direction
③ Quickly reclaim the previous low and hold above it: a bear trap
The price is currently below the previous low. For now, watch whether it follows scenario ① or ②.
#BULLA