$IDOL 5 minutes down 2.39%, current price 0.03324. There are two possible scenarios:
① It stabilizes and reclaims the breakdown level → this was probably just a shakeout
② The rebound is weak and it loses the 24h low of 0.02375 → the downtrend may continue
I’d rather wait and judge by the strength of the first rebound. What’s your read at this stage?
① It stabilizes and reclaims the breakdown level → this was probably just a shakeout
② The rebound is weak and it loses the 24h low of 0.02375 → the downtrend may continue
I’d rather wait and judge by the strength of the first rebound. What’s your read at this stage?
