$US Down 4.48% in 15 minutes, currently at 0.007372. Two possible scenarios from here:
① If it consolidates on lower volume and reclaims the starting point of the drop → this was probably a shakeout
② If it can’t reclaim that level on a bounce and breaks below the 24-hour low of 0.00639 → the downtrend may continue
Personally, I’ll wait to see how the signs of stabilization play out before drawing a conclusion. Sum up your current view in one word?
#US
① If it consolidates on lower volume and reclaims the starting point of the drop → this was probably a shakeout
② If it can’t reclaim that level on a bounce and breaks below the 24-hour low of 0.00639 → the downtrend may continue
Personally, I’ll wait to see how the signs of stabilization play out before drawing a conclusion. Sum up your current view in one word?
#US