$STABLE Is this a breather for the bearish trend?🚨
On the 15-minute chart, the price at 0.016804 is struggling below the key downtrend line at 0.016742, with less than 1 ATR gap, and the bulls and bears are fiercely contesting! Since the decline began 74 candles ago, the bears have been firmly in control. Although there has been a 2.37% rebound from the low, the MACD bullish momentum has plummeted by 76.93% over the past 5 days, indicating that the rebound is extremely weak⚡. The current price remains below the trend initiation point at 0.017138, which looks more like a weak retracement within a bearish trend. Be cautious that if the price cannot stabilize above the trend line, it may face a new round of decline. Current state: bearish trend is stagnating, facing a direction choice, high risk!🔻
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$STABLE Is this a breather for the bearish trend?🚨
On the 15-minute chart, the price at 0.016804 is struggling below the key downtrend line at 0.016742, with less than 1 ATR gap, and the bulls and bears are fiercely contesting!
Since the decline began 74 candles ago, the bears have been firmly in control. Although there has been a 2.37% rebound from the low, the MACD bullish momentum has plummeted by 76.93% over the past 5 days, indicating that the rebound is extremely weak⚡.
The current price remains below the trend initiation point at 0.017138, which looks more like a weak retracement within a bearish trend. Be cautious that if the price cannot stabilize above the trend line, it may face a new round of decline. Current state: bearish trend is stagnating, facing a direction choice, high risk!🔻