$AAVE 7 new low, current price 115.91, previous low 116.34.
After a new low, price generally moves in one of three ways:
① Bounces to the previous low, then falls again: weakness continues
② Fluctuates around the previous low: consolidation; wait for direction
③ Quickly recovers the previous low and holds above it: false breakdown
For now, price is below the previous low, so first watch whether it follows ① or ②.
After a new low, price generally moves in one of three ways:
① Bounces to the previous low, then falls again: weakness continues
② Fluctuates around the previous low: consolidation; wait for direction
③ Quickly recovers the previous low and holds above it: false breakdown
For now, price is below the previous low, so first watch whether it follows ① or ②.