Here’s my honest take: $W has fallen to a new 7-day low. The price is 0.01409, below the previous low of 0.01413.
Whenever a new low is set, someone in the comments says the bottom is in. But in a weak market, new lows are often followed by even lower lows. I usually wait for the price to climb back above the previous low before taking another look—I don’t try to call the bottom.
Leave your take in the comments, and we’ll review it together later.
#W
This is for discussion purposes only. You are responsible for your own profits and losses.
Whenever a new low is set, someone in the comments says the bottom is in. But in a weak market, new lows are often followed by even lower lows. I usually wait for the price to climb back above the previous low before taking another look—I don’t try to call the bottom.
Leave your take in the comments, and we’ll review it together later.
#W
This is for discussion purposes only. You are responsible for your own profits and losses.