$MON 30 hit a new daily low; current price: 0.01716, previous low: 0.01726.
After a new low, price generally moves in one of three ways:
① It rebounds to the previous low and gets pushed back down: the decline continues
② It moves back and forth around the previous low: a change of hands; direction remains to be seen
③ It quickly recovers the previous low and holds above it: a bear trap
For now, price is below the previous low. Watch whether it follows ① or ②.
#MON
After a new low, price generally moves in one of three ways:
① It rebounds to the previous low and gets pushed back down: the decline continues
② It moves back and forth around the previous low: a change of hands; direction remains to be seen
③ It quickly recovers the previous low and holds above it: a bear trap
For now, price is below the previous low. Watch whether it follows ① or ②.
#MON