$NIGHT has lost the 0.05 level. There are two possible scenarios:
① The rebound fails to reclaim 0.05 → the level becomes resistance; first, watch the 24h low at 0.0455
② It quickly recovers 0.05 → this is most likely a false breakdown, and the shorts may get squeezed instead
I'm personally paying more attention to how the first rebound is received.
① The rebound fails to reclaim 0.05 → the level becomes resistance; first, watch the 24h low at 0.0455
② It quickly recovers 0.05 → this is most likely a false breakdown, and the shorts may get squeezed instead
I'm personally paying more attention to how the first rebound is received.