Over $CTR 5 minutes, it fell 8.37%; the current price is 0.01645. Two possible scenarios from here:
① It holds sideways on lower volume and climbs back above the starting point of the drop → this move looks more like a shakeout
② It fails to reclaim that level on a rebound and breaks below the 24h low of 0.01319 → weakness may continue
I’d wait to see how strong the signs of stabilization are before drawing a conclusion. Where do you see the key dividing line?
① It holds sideways on lower volume and climbs back above the starting point of the drop → this move looks more like a shakeout
② It fails to reclaim that level on a rebound and breaks below the 24h low of 0.01319 → weakness may continue
I’d wait to see how strong the signs of stabilization are before drawing a conclusion. Where do you see the key dividing line?