$PIEVERSE Rebound in a bearish trend may seem like a challenge but is actually perilous! 😨

Currently at 0.7257, it is firmly pressed below the previous high resistance of 0.7264. Although the price is above the trailing stop line of 0.7218, remember that the trend's starting point is at 0.7434, and we have not yet escaped the downward script. 🩸

While MACD is positive, the momentum (histogram) has significantly weakened, nearly halved over the past 10 days! This is a clear warning of a lack of strength in the rebound. 🛑

If it cannot break through 0.7264 strongly and stabilize, this rebound will serve as ammunition for the bears. Beware of a failed trend reversal and a return to the downtrend channel! The first line of defense below is at 0.7218; a break below that signals the bulls' escape.