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The recent trend of IN has fallen into a dilemma. The MACD bullish momentum plummeted by 157% over the past 5 days. Although the indicator is still above the zero line, this signal has already sounded the alarm.
Currently trading at 0.07062, just above the trailing stop line at 0.07059, it is barely holding on. Compared to the entry price of 0.07107, this trade is still in loss. The so-called "rebound" is essentially a weak counterattack, which then stalls, indicating insufficient bullish momentum.
From a technical perspective, the key support level at 0.07031 is crucial. If this level is broken, the risk of trend reversal will rise sharply. To turn the situation around, the price needs to stay above 0.07223, which could rekindle bullish hopes. At this position, the bulls need stronger signals to prove their strength.