Here are the two possible scenarios:
Scenario 1 - It falls below 1 dollar.
For this scenario to be confirmed / valid, we need the 1H candle to drop below the last low(1.00 USD). In this case, 1.00 USD could possibly become the next resistance.
Scenario 2 - It bounces back from 1.00 USD to possibly 1.50 USD or higher.
For this scenario to be confirmed / valid, we need the 1h candle to bounce back from 1.00 USD.
Which scenario is more likely to happen in your opinion and why?
Scenario 1 - It falls below 1 dollar.
For this scenario to be confirmed / valid, we need the 1H candle to drop below the last low(1.00 USD). In this case, 1.00 USD could possibly become the next resistance.
Scenario 2 - It bounces back from 1.00 USD to possibly 1.50 USD or higher.
For this scenario to be confirmed / valid, we need the 1h candle to bounce back from 1.00 USD.
Which scenario is more likely to happen in your opinion and why?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.