Current price has dropped to 0.13699, down 6.18% from the starting point, and the bearish trend continues. However, the price is currently holding above the tracking line at 0.13512, which has become a key support level. 54 candles have already formed, with the overall momentum still relatively weak.
**Key Support and Resistance** Below, watch the tracking line at 0.13512 and the previous low at 0.13045 as two defensive barriers. Above, resistance is relatively concentrated at 0.14053, 0.14211, and 0.14490 respectively, with obvious pressure.
**How to view the current situation?** Although MACD has already formed a golden cross, the decline is still significant, and the bearish momentum hasn't completely broken. Aggressive traders can consider small position rebounding attempts, targeting the nearest resistance around 0.1405. However, for conservative strategies, it's best to wait for clearer stop-loss or reversal signals before taking action.
**What needs to be vigilant about?** Although positive technical signals have appeared, this is likely just a rebound in the middle of a decline, not a true reversal. If the price breaks below the tracking line, the bears may accelerate again, so risk preparations must be made. Heavy resistance above makes breakthroughs difficult, and this segment has limited operating space.
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【C Coin Technical Flash Report】
Current price has dropped to 0.13699, down 6.18% from the starting point, and the bearish trend continues. However, the price is currently holding above the tracking line at 0.13512, which has become a key support level. 54 candles have already formed, with the overall momentum still relatively weak.
**Key Support and Resistance**
Below, watch the tracking line at 0.13512 and the previous low at 0.13045 as two defensive barriers. Above, resistance is relatively concentrated at 0.14053, 0.14211, and 0.14490 respectively, with obvious pressure.
**How to view the current situation?**
Although MACD has already formed a golden cross, the decline is still significant, and the bearish momentum hasn't completely broken. Aggressive traders can consider small position rebounding attempts, targeting the nearest resistance around 0.1405. However, for conservative strategies, it's best to wait for clearer stop-loss or reversal signals before taking action.
**What needs to be vigilant about?**
Although positive technical signals have appeared, this is likely just a rebound in the middle of a decline, not a true reversal. If the price breaks below the tracking line, the bears may accelerate again, so risk preparations must be made. Heavy resistance above makes breakthroughs difficult, and this segment has limited operating space.