$US 5-minute decline of 2.39%, current price 0.02915. There are two possible scenarios ahead:
① If it stabilizes and climbs back above the starting point of the drop → this move looks more like a shakeout
② If the rebound fails to reclaim it and the price breaks below the 24-hour low of 0.01408 → weakness may continue
Personally, I’ll wait for signs of stabilization before drawing a conclusion. Cast your vote in the comments: up or down?
Don’t treat this as a buy or sell signal.
① If it stabilizes and climbs back above the starting point of the drop → this move looks more like a shakeout
② If the rebound fails to reclaim it and the price breaks below the 24-hour low of 0.01408 → weakness may continue
Personally, I’ll wait for signs of stabilization before drawing a conclusion. Cast your vote in the comments: up or down?
Don’t treat this as a buy or sell signal.