$LA hit a new 24-hour low; the current price is 0.0587, and the previous low was 0.05906.
After a new low, there are generally three possible moves:
① Rebound to the previous low, then fall again: weakness continues
② Choppy trading around the previous low: consolidation, direction yet to be determined
③ Quickly reclaim and hold above the previous low: a false breakdown
It is still below the previous low, so watch whether it follows ① or ②.
After a new low, there are generally three possible moves:
① Rebound to the previous low, then fall again: weakness continues
② Choppy trading around the previous low: consolidation, direction yet to be determined
③ Quickly reclaim and hold above the previous low: a false breakdown
It is still below the previous low, so watch whether it follows ① or ②.
