$Q 5-minute drop of 2.05%, with the current price at 0.05394. There are two possible scenarios:
① It stabilizes and reclaims the breakdown level → this move looks more like a shakeout.
② It bounces but fails to reclaim that level, then loses the 24-hour low of 0.05211 → weakness will likely continue.
I’d judge it based on the strength of the first rebound. Which scenario do you think is more likely? Share your thoughts in the comments.
① It stabilizes and reclaims the breakdown level → this move looks more like a shakeout.
② It bounces but fails to reclaim that level, then loses the 24-hour low of 0.05211 → weakness will likely continue.
I’d judge it based on the strength of the first rebound. Which scenario do you think is more likely? Share your thoughts in the comments.
