$US 24-hour low, current price 0.01285, previous low 0.01319.
Three common moves after making a new low:
① A rebound retests the previous low but gets pushed back down: the decline continues
② Price moves sideways near the previous low: consolidation, direction still unclear
③ Price quickly reclaims the previous low and holds above it: a bear trap
Price is currently below the previous low. Watch to see whether it follows ① or ②.
#US
Three common moves after making a new low:
① A rebound retests the previous low but gets pushed back down: the decline continues
② Price moves sideways near the previous low: consolidation, direction still unclear
③ Price quickly reclaims the previous low and holds above it: a bear trap
Price is currently below the previous low. Watch to see whether it follows ① or ②.
#US