$ON 5 minutes down 3.1%, current price 0.2842. Next, there are two scenarios:
① It holds sideways on lower volume and recovers the breakdown level → this move looks more like a shakeout
② The rebound fails to reclaim it and breaks below the 24h low of 0.1634 → weakness may continue
Personally, I’d wait to see the strength of the first rebound before drawing a conclusion. Does this data convince you?
#ON
① It holds sideways on lower volume and recovers the breakdown level → this move looks more like a shakeout
② The rebound fails to reclaim it and breaks below the 24h low of 0.1634 → weakness may continue
Personally, I’d wait to see the strength of the first rebound before drawing a conclusion. Does this data convince you?
#ON