$BTW 1-hour drop of 11.76%, current price 1.5854. There are two possibilities next:
① If it consolidates on lower volume and reclaims the breakdown level → this move was probably a shakeout
② If the rebound is weak and it breaks below the 24h low of 1.3 → the downtrend will most likely continue
Personally, I’d wait to see how the first rebound performs before making a call. Anyone knowledgeable care to weigh in?
① If it consolidates on lower volume and reclaims the breakdown level → this move was probably a shakeout
② If the rebound is weak and it breaks below the 24h low of 1.3 → the downtrend will most likely continue
Personally, I’d wait to see how the first rebound performs before making a call. Anyone knowledgeable care to weigh in?