$CAP 7 hit a new low; current price: 0.07015, previous low: 0.07078.
After a new low, there are generally three possible scenarios:
① A rebound reaches the previous low and gets pushed back down: the decline continues
② The price moves sideways near the previous low: a change of hands; wait for direction
③ The price quickly recovers the previous low and holds above it: a bear trap
It is currently below the previous low. Watch to see whether scenario ① or ② unfolds.
Be mindful of the risks and make your own decision.
After a new low, there are generally three possible scenarios:
① A rebound reaches the previous low and gets pushed back down: the decline continues
② The price moves sideways near the previous low: a change of hands; wait for direction
③ The price quickly recovers the previous low and holds above it: a bear trap
It is currently below the previous low. Watch to see whether scenario ① or ② unfolds.
Be mindful of the risks and make your own decision.