$FLUID 5 minutes down 3.14%, current price 2.608. There are two possible scenarios:
① It consolidates on lower volume and recovers to the starting point of the decline → this move was probably driven by panic
② The rebound is weak and it breaks below the 24-hour low of 2.1 → the downtrend will most likely continue
I’d personally wait for a stronger signal of stabilization before making a judgment. If it were you, would you act or wait and see?
Don’t treat this as a basis for making trades.
① It consolidates on lower volume and recovers to the starting point of the decline → this move was probably driven by panic
② The rebound is weak and it breaks below the 24-hour low of 2.1 → the downtrend will most likely continue
I’d personally wait for a stronger signal of stabilization before making a judgment. If it were you, would you act or wait and see?
Don’t treat this as a basis for making trades.