The recent trend of IN has fallen into a dilemma. The MACD bullish momentum plummeted by 157% over the past 5 days. Although the indicator is still above the zero line, this signal has already sounded the alarm.
Currently trading at 0.07062, just above the trailing stop line at 0.07059, it is barely holding on. Compared to the entry price of 0.07107, this trade is still in loss. The so-called "rebound" is essentially a weak counterattack, which then stalls, indicating insufficient bullish momentum.
From a technical perspective, the key support level at 0.07031 is crucial. If this level is broken, the risk of trend reversal will rise sharply. To turn the situation around, the price needs to stay above 0.07223, which could rekindle bullish hopes. At this position, the bulls need stronger signals to prove their strength.
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SeeYouInFourYears
· 01-06 10:34
Is it going to dump again? Looking at this data just makes me angry.
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FallingLeaf
· 01-06 07:04
Damn, MACD plummeted by 157%. What the heck... Looks like I have to wait until it drops below 0.07031 to be sure.
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HashRatePhilosopher
· 01-03 11:56
157% crash, and this is just a rebound? Pure self-deception.
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0xSleepDeprived
· 01-03 11:55
Playing the "rebound" trick again, just really fooling the heron.
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CodeSmellHunter
· 01-03 11:46
Look at this 157% plunge, MACD is screaming... Around 0.07 is just a useless level, can't go up, can't go down, really uncomfortable.
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SignatureVerifier
· 01-03 11:45
tbh the 157% MACD collapse in 5 days... insufficient validation for any bullish narrative rn. that 0.07031 level needs rigorous testing before i'd trust anything here, technically speaking.
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DaoGovernanceOfficer
· 01-03 11:37
empirically speaking, this MACD collapse is textbook momentum death. the data suggests we're watching a failed pump masquerading as a reversal... 0.07223 resistance is basically asking bulls to prove they understand governance mechanics lol. spoiler: they don't
The recent trend of IN has fallen into a dilemma. The MACD bullish momentum plummeted by 157% over the past 5 days. Although the indicator is still above the zero line, this signal has already sounded the alarm.
Currently trading at 0.07062, just above the trailing stop line at 0.07059, it is barely holding on. Compared to the entry price of 0.07107, this trade is still in loss. The so-called "rebound" is essentially a weak counterattack, which then stalls, indicating insufficient bullish momentum.
From a technical perspective, the key support level at 0.07031 is crucial. If this level is broken, the risk of trend reversal will rise sharply. To turn the situation around, the price needs to stay above 0.07223, which could rekindle bullish hopes. At this position, the bulls need stronger signals to prove their strength.