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$FORM One-hour chart is unfolding a textbook-style trend drama 🚀
Since starting at 0.3378, the stepped upward trend line has steadily climbed from 0.3237 to 0.3568, becoming a solid dynamic support! The current price of 0.3682 remains firmly above the line. Behind a 9% increase, the maximum drawdown is only 2.3%, making this trend quite healthy.
Currently, the distance between the price and the trend line is greater than the average volatility, indicating that bullish momentum remains strong. The MACD double lines are also diverging continuously, engines roaring.
A key battle is imminent: testing the resistance level at 0.3698, which is the first hurdle toward higher targets. Overall, the bullish trend is intact and continues to accelerate!
Suggestion: Bulls should continue holding, with around 0.3568 as a reference for trailing stop-loss. As long as the trend line is not broken, there is still room for upward movement.