$BERA 7 hit a new low today, with the current price at 0.1967 and the previous low at 0.1975.
After a new low, there are three common scenarios:
① It rebounds to the previous low and then falls back: the downtrend continues
② It consolidates near the previous low: the market digests the move and waits for direction
③ It quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low, so first watch to see whether scenario ① or ② plays out.
After a new low, there are three common scenarios:
① It rebounds to the previous low and then falls back: the downtrend continues
② It consolidates near the previous low: the market digests the move and waits for direction
③ It quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low, so first watch to see whether scenario ① or ② plays out.