$A hit a new 24-hour low, with the current price at 0.1023 and the previous low at 0.1031.
After a new low, three common moves are:
① Bounce to the previous low, then fall back: the downtrend continues
② Choppy action around the previous low: position turnover as the market picks a direction
③ Quickly reclaim and hold above the previous low: a bear trap
Price is still below the previous low, so watch to see whether it follows ① or ②.
#A
I often get it wrong too, so make your own judgment.
After a new low, three common moves are:
① Bounce to the previous low, then fall back: the downtrend continues
② Choppy action around the previous low: position turnover as the market picks a direction
③ Quickly reclaim and hold above the previous low: a bear trap
Price is still below the previous low, so watch to see whether it follows ① or ②.
#A
I often get it wrong too, so make your own judgment.