$CFG 24-hour low; current price: 0.1032, previous low: 0.1039.
After a new low, there are three common scenarios:
① It bounces to the previous low and then falls back: the decline continues
② It fluctuates around the previous low: consolidation, waiting for direction
③ It quickly recovers the previous low and holds above it: a false breakdown
For now, the price is still below the previous low. First, watch whether scenario ① or ② plays out.
After a new low, there are three common scenarios:
① It bounces to the previous low and then falls back: the decline continues
② It fluctuates around the previous low: consolidation, waiting for direction
③ It quickly recovers the previous low and holds above it: a false breakdown
For now, the price is still below the previous low. First, watch whether scenario ① or ② plays out.
