Price broke long term up trend and broke a huge support level
Scenario 1: Breaking support could be a false break, price will go up and retest on support level and rallies up.
Scenario 2: Price fall was so strong that it broke support on purpose and sellers closed there position, price go up slightly to touch support level to the downward and then falls again.
Price at critical point, wait for 1 of those scenarios to better makeup your mind
Scenario 1: Breaking support could be a false break, price will go up and retest on support level and rallies up.
Scenario 2: Price fall was so strong that it broke support on purpose and sellers closed there position, price go up slightly to touch support level to the downward and then falls again.
Price at critical point, wait for 1 of those scenarios to better makeup your mind