$HANA 15 minutes down 5.18%, current price 0.01566. There are two possible scenarios ahead:
① Price holds sideways on declining volume and reclaims the breakdown level → this move was probably driven by panic selling
② The rebound fails to reclaim that level and breaks below the 24h low of 0.01338 → the downtrend is likely to continue
Personally, I’d wait to see how strong the first rebound is before drawing a conclusion. If it were you, would you make a move or wait a little longer?
#HANA
① Price holds sideways on declining volume and reclaims the breakdown level → this move was probably driven by panic selling
② The rebound fails to reclaim that level and breaks below the 24h low of 0.01338 → the downtrend is likely to continue
Personally, I’d wait to see how strong the first rebound is before drawing a conclusion. If it were you, would you make a move or wait a little longer?
#HANA
