$BR 24-hour new low, current price 0.4565, previous low 0.4661.
After a new low, there are generally three possible moves:
① Rebounds to the previous low, then gets pushed back down: weakness continues
② Moves sideways near the previous low: a change of hands; watch for direction
③ Quickly recovers the previous low and holds above it: a bear trap
Currently below the previous low; watch to see whether scenario ① or ② plays out.
#BR
After a new low, there are generally three possible moves:
① Rebounds to the previous low, then gets pushed back down: weakness continues
② Moves sideways near the previous low: a change of hands; watch for direction
③ Quickly recovers the previous low and holds above it: a bear trap
Currently below the previous low; watch to see whether scenario ① or ② plays out.
#BR