$US Down 6.04% over the past hour, currently at 0.01707. There are two possible scenarios:
① It stabilizes and climbs back above the breakdown level → this was probably a shakeout
② The rebound is weak and it breaks below the 24-hour low of 0.01662 → weakness will most likely continue
I’d wait to see how strong the signs of stabilization are before drawing a conclusion. If it were you, would you make a move or wait a little longer?
#US
① It stabilizes and climbs back above the breakdown level → this was probably a shakeout
② The rebound is weak and it breaks below the 24-hour low of 0.01662 → weakness will most likely continue
I’d wait to see how strong the signs of stabilization are before drawing a conclusion. If it were you, would you make a move or wait a little longer?
#US