$BTW : New 24-hour low, current price 1.8133, previous low 1.8336.
After a new low, three common scenarios are:
① A rebound to the previous low followed by a decline: weakness continues
② Trading sideways near the previous low: turnover, waiting for direction
③ Quickly recovering the previous low and holding above it: a bear trap
Price is currently below the previous low. Watch whether it follows scenario ① or ②.
After a new low, three common scenarios are:
① A rebound to the previous low followed by a decline: weakness continues
② Trading sideways near the previous low: turnover, waiting for direction
③ Quickly recovering the previous low and holding above it: a bear trap
Price is currently below the previous low. Watch whether it follows scenario ① or ②.