A $AGT 24-hour low at 0.05759, with the previous low at 0.05868.
After a new low, there are generally three possible moves:
① Bounces back to the previous low, then falls: the decline continues
② Moves sideways near the previous low: consolidation as the market waits for direction
③ Quickly recovers the previous low and holds above it: a bear trap
For now, it’s still below the previous low, so let’s see whether it’s scenario ① or ②.
After a new low, there are generally three possible moves:
① Bounces back to the previous low, then falls: the decline continues
② Moves sideways near the previous low: consolidation as the market waits for direction
③ Quickly recovers the previous low and holds above it: a bear trap
For now, it’s still below the previous low, so let’s see whether it’s scenario ① or ②.
