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$US After a fierce sell-off, is there still a chance to go back up?
This wave of selling was aggressive, dropping from 0.008389 all the way down to 0.006439, causing panic in the market, and the crowd on the square is once again voicing bearish opinions.
The daily MA10, MA20, MA30, MA60, and MA120 all remain in a bullish alignment, and the price is still trading above the moving average system; the main trend has not been broken. The previous month’s increase of over 50% suggests that the recent correction of a few points is essentially creating space for a future rally.
Currently, funds are starting to support around 0.0068, and as long as 0.00644 is not effectively broken downward, the bullish structure remains intact. The first target above is the previous high of 0.0084; once broken, there’s a chance to continue pushing toward 0.0098.
Brother Rui and his followers have already begun to position themselves in advance; this rally is definitely going to be profitable. Fans who are optimistic can follow the trend and ride the wave!