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$COLLECT Alarm bells ringing! 🚨
1-hour chart, the bullish trend is in serious danger! The price has fallen back from the high near the trend start point (0.08094) at 0.08376, now trading at 0.08078, slightly below the starting price!
Pay close attention to the current trailing stop-loss line at 0.07763; if it is broken, the trend structure could be compromised. There is stronger support further down at 0.06663.
Even more concerning is the MACD! Although it remains in positive territory, its momentum has plummeted over 11,400% in the past few days! 📉 This is a classic sign of bullish momentum exhaustion.
The current price still stays above the key trend line, but the bulls are showing signs of fatigue. The market is on the **edge of a trend reversal**, and chasing higher is extremely risky!