$US 30-day low, current price 0.005513, previous low 0.005533.
After a new low, price generally takes one of three paths:
① Bounces back to the previous low, then falls: the downtrend continues
② Trades sideways near the previous low: positions change hands while waiting for direction
③ Quickly recovers the previous low and holds above it: a bear trap
For now, it’s still below the previous low. Watch to see whether it follows ① or ②.
#US
After a new low, price generally takes one of three paths:
① Bounces back to the previous low, then falls: the downtrend continues
② Trades sideways near the previous low: positions change hands while waiting for direction
③ Quickly recovers the previous low and holds above it: a bear trap
For now, it’s still below the previous low. Watch to see whether it follows ① or ②.
#US