$BTW 5-minute drop of 3.48%, current price 1.8279. Two possible scenarios from here:
① It stabilizes and gets back above the breakdown level → this move looks more like a panic sell-off
② It bounces but fails to reclaim that level, then breaks below the 24-hour low of 1.8171 → the downtrend may continue
Personally, I’ll wait to see how strong the signs of stabilization are before making a call. What reasons do you each have for going long or short?
I’m just sharing my thoughts; this is not investment advice.
① It stabilizes and gets back above the breakdown level → this move looks more like a panic sell-off
② It bounces but fails to reclaim that level, then breaks below the 24-hour low of 1.8171 → the downtrend may continue
Personally, I’ll wait to see how strong the signs of stabilization are before making a call. What reasons do you each have for going long or short?
I’m just sharing my thoughts; this is not investment advice.