$DOS 5-minute drop of 2.93%, current price 0.1726. There are two possible scenarios from here:
① It stabilizes and reclaims the breakdown level → this was probably just a sentiment-driven sell-off
② The rebound fails to reclaim it, and the 24-hour low of 0.1708 is lost → the downtrend will most likely continue
Personally, I’ll wait to see how strong the first rebound is before deciding. Do you think the market has priced in too much?
#DOS
① It stabilizes and reclaims the breakdown level → this was probably just a sentiment-driven sell-off
② The rebound fails to reclaim it, and the 24-hour low of 0.1708 is lost → the downtrend will most likely continue
Personally, I’ll wait to see how strong the first rebound is before deciding. Do you think the market has priced in too much?
#DOS