#bank
Scenario 1 (Most Likely): Technical Rebound (Corrective Rebound). The price holds at the current support level, S1 (0.215). This would trigger a corrective upward movement to retest previous resistance levels, such as R1 (0.288). This is the preferred scenario for trading the rebound. Scenario 2 (Risk Factor): Support Break (Breakdown). The price fails to hold at S1 (0.215), with an hourly candle closing below it. This would lead to a continuation of the downward trend and a test of deeper support levels, such as S2 (around 0.149).
Scenario 1 (Most Likely): Technical Rebound (Corrective Rebound). The price holds at the current support level, S1 (0.215). This would trigger a corrective upward movement to retest previous resistance levels, such as R1 (0.288). This is the preferred scenario for trading the rebound. Scenario 2 (Risk Factor): Support Break (Breakdown). The price fails to hold at S1 (0.215), with an hourly candle closing below it. This would lead to a continuation of the downward trend and a test of deeper support levels, such as S2 (around 0.149).