$Q 5-minute drop of 3.26%, with the current price at 0.13. Two possible scenarios:
① It stabilizes and recovers the breakdown level → this move looks more like a shakeout
② The rebound is weak and it loses the 24-hour low of 0.06689 → the decline may continue
Personally, I’d wait to see how strong the signs of stabilization are before making a call. Sum up your view right now in one word?
① It stabilizes and recovers the breakdown level → this move looks more like a shakeout
② The rebound is weak and it loses the 24-hour low of 0.06689 → the decline may continue
Personally, I’d wait to see how strong the signs of stabilization are before making a call. Sum up your view right now in one word?