Down 4.45% over $BTW 5 minutes, with the current price at 2.1865. Two scenarios from here:
① It stabilizes and recovers the breakdown level → this move looks more like a sentiment-driven sell-off
② The rebound is weak and it breaks below the 24h low of 2.0621 → the downtrend is likely to continue
I’d personally wait to see how strong the first rebound is before drawing a conclusion. Which direction do you favor?
① It stabilizes and recovers the breakdown level → this move looks more like a sentiment-driven sell-off
② The rebound is weak and it breaks below the 24h low of 2.0621 → the downtrend is likely to continue
I’d personally wait to see how strong the first rebound is before drawing a conclusion. Which direction do you favor?