$牛来 hit a new 24-hour low. Current price: 0.0608; previous low: 0.06244.
After a new low, there are generally three possible moves:
① A rebound reaches the previous low and then falls back: weakness continues
② It trades sideways near the previous low: positions change hands; watch for direction
③ It quickly recovers the previous low and holds above it: false breakdown
It is still below the previous low for now, so first let’s see whether it follows ① or ②.
After a new low, there are generally three possible moves:
① A rebound reaches the previous low and then falls back: weakness continues
② It trades sideways near the previous low: positions change hands; watch for direction
③ It quickly recovers the previous low and holds above it: false breakdown
It is still below the previous low for now, so first let’s see whether it follows ① or ②.
