The current price of 1.7867 is firmly pressed below the key resistance of 1.7929. Since the decline started at 1.8013, the stair-step trailing stop line has dropped from 1.8167 to 1.8000, forming a dynamic ceiling. Currently, the price remains below this level.
Although the MACD has shown a slight rebound, it is still operating below the zero line, with the histogram displaying a significant negative value. The bearish momentum still dominates. The minor rebound from the low of 1.7764 (only 0.58%) seems more like a technical correction rather than a reversal signal.
Overall, the bearish structure is intact, and any rebound approaching the 1.8000 trend line is a potential resistance zone. Bottom fishing? Wait a bit longer! 🧐
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$TON The bearish trend is still ongoing! 🚨
The current price of 1.7867 is firmly pressed below the key resistance of 1.7929. Since the decline started at 1.8013, the stair-step trailing stop line has dropped from 1.8167 to 1.8000, forming a dynamic ceiling. Currently, the price remains below this level.
Although the MACD has shown a slight rebound, it is still operating below the zero line, with the histogram displaying a significant negative value. The bearish momentum still dominates. The minor rebound from the low of 1.7764 (only 0.58%) seems more like a technical correction rather than a reversal signal.
Overall, the bearish structure is intact, and any rebound approaching the 1.8000 trend line is a potential resistance zone. Bottom fishing? Wait a bit longer! 🧐