$MET 24-hour low, current price 0.3103, previous low 0.3136.
After a new low, three moves are common:
① A rebound tests the previous low, then falls back: weakness continues
② Price struggles back and forth near the previous low: consolidation while waiting for direction
③ Price quickly reclaims the previous low and holds: a bear trap
Price is still below the previous low for now; watch to see whether scenario ① or ② plays out.
After a new low, three moves are common:
① A rebound tests the previous low, then falls back: weakness continues
② Price struggles back and forth near the previous low: consolidation while waiting for direction
③ Price quickly reclaims the previous low and holds: a bear trap
Price is still below the previous low for now; watch to see whether scenario ① or ② plays out.