🚀Is the rally showing signs of fatigue? Beware of weakening bullish momentum!
Since the rally started at 0.08494, the total increase has been 6.22%. However, the market is now showing divergence: a retracement of over 9% from the high of 0.09950!
The key point is that the current price of 0.08999 is very close to the latest trend line (0.08903), with less than 1.1% gap. It's like walking on a dynamic guardrail; if this "step-like" support is broken, the short-term upward structure may be challenged.
Strong resistance is at 0.09200 above, with multiple supports below. The current price action indicates that bullish momentum is weakening, and close attention should be paid to the trend line defense. 🚨
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$WCT
🚀Is the rally showing signs of fatigue? Beware of weakening bullish momentum!
Since the rally started at 0.08494, the total increase has been 6.22%. However, the market is now showing divergence: a retracement of over 9% from the high of 0.09950!
The key point is that the current price of 0.08999 is very close to the latest trend line (0.08903), with less than 1.1% gap. It's like walking on a dynamic guardrail; if this "step-like" support is broken, the short-term upward structure may be challenged.
Strong resistance is at 0.09200 above, with multiple supports below. The current price action indicates that bullish momentum is weakening, and close attention should be paid to the trend line defense. 🚨