$AIN broke below the 0.11 level. There are two possible scenarios:
① It rebounds but fails to reclaim 0.11 → the level becomes resistance, with the 24-hour low of 0.101 as the next level to watch below.
② It quickly reclaims 0.11 → this move looks more like a brief wick, and short sellers could easily get caught in a squeeze.
I’m paying closer attention to the support on the first rebound.
Manage your own risk; just sharing thoughts.
① It rebounds but fails to reclaim 0.11 → the level becomes resistance, with the 24-hour low of 0.101 as the next level to watch below.
② It quickly reclaims 0.11 → this move looks more like a brief wick, and short sellers could easily get caught in a squeeze.
I’m paying closer attention to the support on the first rebound.
Manage your own risk; just sharing thoughts.