ACX contract side, data first: you need to look at both the drawdown and trading volume together to know whether it’s panic selling. The previous complete 5m candle was -5.35%, current price 0.04052, 24h turnover 6.3195 million, VWAP 0.040608, below VWAP, volume is 5.2x.

A bounce can’t get through; weakness will continue. If it can get through, then there’s value in a rebound/repair.

#ACX #alert