$UAI 5 minutes: down 23.73%, with the current price at 0.0474. There are two possible scenarios:
① It consolidates on lower volume and reclaims the breakdown level → this move was probably a shakeout
② The rebound fails to reclaim that level and the 24h low of 0.0447 is breached → the downtrend will most likely continue
I’d personally wait to see how strong the first rebound is before making a judgment. What do you think will happen next?
① It consolidates on lower volume and reclaims the breakdown level → this move was probably a shakeout
② The rebound fails to reclaim that level and the 24h low of 0.0447 is breached → the downtrend will most likely continue
I’d personally wait to see how strong the first rebound is before making a judgment. What do you think will happen next?
