For investors in the new currency
There is good news,
and bad news,
If the currency breaks the support indicated in the picture and does not stay down for long and usually rebounds strongly, then this is good news
Because this is called a false break
But if it breaks and corrects below the support, then this is bad news
Because it will continue to drop
And the very good news is that it breaks the resistance indicated in the picture and corrects above it
Good luck to you
Don't forget your own research