$ORDER 1-hour drop of 8.38%, current price 0.0543. There are two possible scenarios:
① It stabilizes and recovers to the starting point of the drop → this was probably just a shakeout
② It rebounds but fails to reclaim that level, then breaks below the 24h low of 0.03309 → weakness may continue
Personally, I’d wait to see how strong the first rebound is before drawing a conclusion. What’s the key level you have in mind?
① It stabilizes and recovers to the starting point of the drop → this was probably just a shakeout
② It rebounds but fails to reclaim that level, then breaks below the 24h low of 0.03309 → weakness may continue
Personally, I’d wait to see how strong the first rebound is before drawing a conclusion. What’s the key level you have in mind?