$BANK The bullish rally horn has just sounded! The 15-minute chart has strongly broken through the trailing stop-loss line (0.04612), with the current price (0.04644) stabilizing above it, signaling the start of a new trend!
However, the MACD is showing a strong divergence above the zero line, casting a shadow over the rally! The first resistance is at 0.04659; a breakout could signal a higher move. The key support is the trend line at 0.04612; a break below it would declare the current upward attempt a failure, with very high risk! Current status: Trend confirmation is in the early stage, but caution is needed regarding reversal risks caused by divergence.
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$BANK The bullish rally horn has just sounded! The 15-minute chart has strongly broken through the trailing stop-loss line (0.04612), with the current price (0.04644) stabilizing above it, signaling the start of a new trend!
However, the MACD is showing a strong divergence above the zero line, casting a shadow over the rally! The first resistance is at 0.04659; a breakout could signal a higher move. The key support is the trend line at 0.04612; a break below it would declare the current upward attempt a failure, with very high risk!
Current status: Trend confirmation is in the early stage, but caution is needed regarding reversal risks caused by divergence.