The current price is 0.814, still firmly suppressed by the trailing stop at 0.821. Since the trend started, it has fallen nearly 3%. 📉
But note! The MACD histogram has turned positive and is significantly increasing, indicating that the bulls are fighting back. The current price is only 0.83% away from the trendline, less than 1 ATR, with narrowing volatility. Beware of a trend reversal! ⚡
The key is whether it can hold above 0.821; otherwise, the downside support is at 0.734. The downward space is much larger than the resistance above, so proceed with caution!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$VIRTUAL Struggling in a bearish trend! 😤
The current price is 0.814, still firmly suppressed by the trailing stop at 0.821. Since the trend started, it has fallen nearly 3%. 📉
But note! The MACD histogram has turned positive and is significantly increasing, indicating that the bulls are fighting back. The current price is only 0.83% away from the trendline, less than 1 ATR, with narrowing volatility. Beware of a trend reversal! ⚡
The key is whether it can hold above 0.821; otherwise, the downside support is at 0.734. The downward space is much larger than the resistance above, so proceed with caution!