$RLC 5-minute drop of 4.25%, current price 1.0708. There are two possible scenarios:
① Price holds sideways on lower volume and gets back above the starting point of the drop → this was probably just a sentiment-driven sell-off
② The rebound is weak and price falls below the 24h low of 0.9191 → the downtrend will most likely continue
I’d rather wait to see how strong the signs of stabilization are before drawing a conclusion. What do you think comes next?
① Price holds sideways on lower volume and gets back above the starting point of the drop → this was probably just a sentiment-driven sell-off
② The rebound is weak and price falls below the 24h low of 0.9191 → the downtrend will most likely continue
I’d rather wait to see how strong the signs of stabilization are before drawing a conclusion. What do you think comes next?