【Bullish Defense Line in Urgent Trouble?】📉 5-minute chart, the upward trend initiated by DEEP at 0.03945 is facing a severe test! The current price is 0.03919, still above the dynamic trailing stop-loss line at 0.03914, but it has broken below the entry price and retraced 0.71% from the high. More importantly, the MACD momentum bars have decayed by over 73% in the past 5 days!📉 This indicates that the upward momentum is rapidly diminishing.
Currently at a critical point between bulls and bears. Holding above 0.03914 means the trend remains intact; once it falls below, beware of a short-term trend reversal, with support looking at 0.03884. Bulls must act immediately, or it will be dangerous!
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$DEEP
【Bullish Defense Line in Urgent Trouble?】📉
5-minute chart, the upward trend initiated by DEEP at 0.03945 is facing a severe test! The current price is 0.03919, still above the dynamic trailing stop-loss line at 0.03914, but it has broken below the entry price and retraced 0.71% from the high.
More importantly, the MACD momentum bars have decayed by over 73% in the past 5 days!📉 This indicates that the upward momentum is rapidly diminishing.
Currently at a critical point between bulls and bears. Holding above 0.03914 means the trend remains intact; once it falls below, beware of a short-term trend reversal, with support looking at 0.03884. Bulls must act immediately, or it will be dangerous!