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$PIEVERSE Breathing room in a bearish trend?😮💨
Current price is 0.7646, still below the trend initiation price of 0.8295, indicating the bearish pattern remains unchanged. But please note: 1) The price has rebounded above the latest trailing stop-loss line of 0.7564; 2) The MACD has just formed a golden cross, suggesting short-term momentum may fluctuate.
Key resistance is at 0.9330, with support seen at 0.5554. The current price is very close to the trend line, with only a 1.07% margin, making it very fragile. If it breaks below 0.7564, the downward trend could accelerate!🚨
(Compared to the trend initiation decline of -7.82%, which once dipped to 0.7264)