Let's talk about $ICNT just now: down 4.98% in 1 hour.
The first rebound after a drop is crucial: if it struggles to bounce, buying support is still weak; recovering most of the losses is a sign of stabilization. I have a habit of taking a screenshot when I see this kind of unusual move, then checking back later to see how it played out.
The first rebound after a drop is crucial: if it struggles to bounce, buying support is still weak; recovering most of the losses is a sign of stabilization. I have a habit of taking a screenshot when I see this kind of unusual move, then checking back later to see how it played out.