$BERA After hitting a new low for the year, price action commonly follows one of three patterns:
① It rebounds but fails to break above 0.0962, turning the previous low into resistance; ② It trades sideways near the low as panic selling gradually runs its course; ③ It quickly recovers above 0.0962, making the breakdown a false one.
The current price is 0.0943, still below the previous low, so it’s too early to tell which pattern will play out. Trading volume this time was 23.3 times the 20-day average, so whether volume holds up going forward will be key.
Which signal would you pay most attention to?
Just my personal opinion, not investment advice.
① It rebounds but fails to break above 0.0962, turning the previous low into resistance; ② It trades sideways near the low as panic selling gradually runs its course; ③ It quickly recovers above 0.0962, making the breakdown a false one.
The current price is 0.0943, still below the previous low, so it’s too early to tell which pattern will play out. Trading volume this time was 23.3 times the 20-day average, so whether volume holds up going forward will be key.
Which signal would you pay most attention to?
Just my personal opinion, not investment advice.
