$US broke below the 0.029 level. Two possible scenarios from here:
① It rebounds but fails to reclaim 0.029 → the level turns into resistance, with the 24-hour low of 0.01647 as the downside target.
② It quickly reclaims 0.029 → this move looks more like a wick, and short positions could easily get squeezed.
I’m paying more attention to how the first rebound plays out.
#US
The market moves fast, so don’t rush to conclusions.
① It rebounds but fails to reclaim 0.029 → the level turns into resistance, with the 24-hour low of 0.01647 as the downside target.
② It quickly reclaims 0.029 → this move looks more like a wick, and short positions could easily get squeezed.
I’m paying more attention to how the first rebound plays out.
#US
The market moves fast, so don’t rush to conclusions.