A new $STX 24-hour low has appeared.
24h: -3.69%, current price: 0.3262, previous low: 0.3302.
Structurally, a new low means the bulls’ defensive line has been breached. First, watch whether the price can reclaim the previous low on a rebound. If it can’t, weakness may continue; if it does, this could turn out to be a false breakdown. What will you do if the market moves in the opposite direction?
#STX
24h: -3.69%, current price: 0.3262, previous low: 0.3302.
Structurally, a new low means the bulls’ defensive line has been breached. First, watch whether the price can reclaim the previous low on a rebound. If it can’t, weakness may continue; if it does, this could turn out to be a false breakdown. What will you do if the market moves in the opposite direction?
#STX
