$RIVER 24-hour low, current price is 0.6929, previous low was 0.6991.
Three common scenarios after a new low:
① Bounces to the previous low and then falls back: the decline continues
② Moves sideways near the previous low: consolidation, waiting for direction
③ Quickly reclaims the previous low and holds: false breakdown
For now, it is still below the previous low, so first let's see whether it falls into ① or ②.
Three common scenarios after a new low:
① Bounces to the previous low and then falls back: the decline continues
② Moves sideways near the previous low: consolidation, waiting for direction
③ Quickly reclaims the previous low and holds: false breakdown
For now, it is still below the previous low, so first let's see whether it falls into ① or ②.
