$BMT hit a 24-hour low at 0.02312; the previous low was 0.02324.
After a new low, three common patterns may follow:
① A rebound gets rejected at the previous low: weakness continues
② Trading sideways near the previous low: changing hands, direction yet to be determined
③ Quickly recovers above the previous low and holds: false breakdown
It’s still below the previous low for now, so first watch whether it follows ① or ②.
After a new low, three common patterns may follow:
① A rebound gets rejected at the previous low: weakness continues
② Trading sideways near the previous low: changing hands, direction yet to be determined
③ Quickly recovers above the previous low and holds: false breakdown
It’s still below the previous low for now, so first watch whether it follows ① or ②.