$牛来 is breaking below the visible DESCENDING CHANNEL... sellers are clearly in control 📉
Current price is around 0.08589, with the 24h LOW at 0.08250.
Look at this area... price is now testing the lower channel zone.
RSI is around 17, showing a heavily OVERSOLD condition. 👀
If 0.08250 holds → a short-term bounce could develop.
But if price loses 0.08250 ⇒ the next visible SUPPORT is around 0.07136.
For recovery, price needs to reclaim 0.08703 first → then 0.10731 becomes the next important RESISTANCE.
A stronger move would need a BREAKOUT back above the descending channel... ⚡️
Keep watching 0.08250 closely. Losing it would invalidate the bounce idea and bring 0.07136 into focus.
Follow for more chart analysis 😎
Current price is around 0.08589, with the 24h LOW at 0.08250.
Look at this area... price is now testing the lower channel zone.
RSI is around 17, showing a heavily OVERSOLD condition. 👀
If 0.08250 holds → a short-term bounce could develop.
But if price loses 0.08250 ⇒ the next visible SUPPORT is around 0.07136.
For recovery, price needs to reclaim 0.08703 first → then 0.10731 becomes the next important RESISTANCE.
A stronger move would need a BREAKOUT back above the descending channel... ⚡️
Keep watching 0.08250 closely. Losing it would invalidate the bounce idea and bring 0.07136 into focus.
Follow for more chart analysis 😎
