A 7.2% plunge over $S 1 hours, to 0.05643, with a 24h range of 0.04716 ~ 0.06901.
I’ll use the range before the unusual move as a reference: it only counts as a valid breakout if the price holds outside the range.
A sharp drop doesn’t necessarily mean the broader trend has reversed; the daily chart structure should also be taken into account.
I’ll use the range before the unusual move as a reference: it only counts as a valid breakout if the price holds outside the range.
A sharp drop doesn’t necessarily mean the broader trend has reversed; the daily chart structure should also be taken into account.