$CHIP 24-hour low, current price 0.03632, previous low 0.03651.
After a new low, there are generally three possible moves:
① Rebound to the previous low, then fall back: weakness continues
② Choppy trading around the previous low: turnover as the market waits for direction
③ Quickly reclaim and hold above the previous low: false breakdown
Price is currently below the previous low; watch to see whether it follows ① or ②.
After a new low, there are generally three possible moves:
① Rebound to the previous low, then fall back: weakness continues
② Choppy trading around the previous low: turnover as the market waits for direction
③ Quickly reclaim and hold above the previous low: false breakdown
Price is currently below the previous low; watch to see whether it follows ① or ②.