$HYPE 7 New daily low (has rebounded above the previous low). Current price: 82.76; previous low: 82.583.
Three common patterns after a new low:
① Rebound to the previous low, then fall back: weakness continues
② Choppy trading around the previous low: changing hands; watch for direction
③ Quickly reclaim and hold above the previous low: false breakdown
We’re seeing signs of ③ now. The key is whether it can hold.
#HYPE
Three common patterns after a new low:
① Rebound to the previous low, then fall back: weakness continues
② Choppy trading around the previous low: changing hands; watch for direction
③ Quickly reclaim and hold above the previous low: false breakdown
We’re seeing signs of ③ now. The key is whether it can hold.
#HYPE