$JCT 1-hour drop: 16.1%, current price: 0.002935. Two possible scenarios from here:
① Volume contracts, price holds sideways and reclaims the breakdown level → this was probably a sentiment-driven selloff
② The bounce is weak and price breaks below the 24h low of 0.002765 → the downtrend will most likely continue
Personally, I’ll judge based on the strength of any stabilization signals. Do you think this is the beginning or the end?
① Volume contracts, price holds sideways and reclaims the breakdown level → this was probably a sentiment-driven selloff
② The bounce is weak and price breaks below the 24h low of 0.002765 → the downtrend will most likely continue
Personally, I’ll judge based on the strength of any stabilization signals. Do you think this is the beginning or the end?