$ICNT New 4-hour low, current price 0.1738, previous low 0.1748.
After a new low, price generally moves in one of three ways:
① Bounces back to the previous low, then falls again: weakness continues
② Fluctuates around the previous low: changing hands, waiting for direction
③ Quickly recovers the previous low and holds above it: false breakdown
It is currently below the previous low; watch whether it follows ① or ②.
#ICNT
After a new low, price generally moves in one of three ways:
① Bounces back to the previous low, then falls again: weakness continues
② Fluctuates around the previous low: changing hands, waiting for direction
③ Quickly recovers the previous low and holds above it: false breakdown
It is currently below the previous low; watch whether it follows ① or ②.
#ICNT
