A new low over $WAL 24 hours: current price 0.04156, previous low 0.04206.
After a new low, there are three common patterns:
① Bounces back to the previous low, then falls again: weakness continues
② Chops around the previous low: turnover, waiting for direction
③ Quickly reclaims the previous low and holds: false breakdown
Price is currently below the previous low. Watch whether it follows ① or ②.
After a new low, there are three common patterns:
① Bounces back to the previous low, then falls again: weakness continues
② Chops around the previous low: turnover, waiting for direction
③ Quickly reclaims the previous low and holds: false breakdown
Price is currently below the previous low. Watch whether it follows ① or ②.