$US fell 10.29% over 1 hour, with the current price at 0.02356. There are two possible scenarios:
① It stabilizes and climbs back above the breakdown level → this was probably a shakeout
② The rebound lacks strength and it breaks below the 24-hour low of 0.02262 → the downtrend will most likely continue
I’d wait to see how strong the first rebound is before drawing a conclusion. What key level are you watching?
Crypto assets are volatile, so don’t use too much leverage.
① It stabilizes and climbs back above the breakdown level → this was probably a shakeout
② The rebound lacks strength and it breaks below the 24-hour low of 0.02262 → the downtrend will most likely continue
I’d wait to see how strong the first rebound is before drawing a conclusion. What key level are you watching?
Crypto assets are volatile, so don’t use too much leverage.