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?