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$PI Why is it said that there is still hope for the daily closing price to rise above $0.18? From yesterday's situation, I know that the pullback won't push the price higher. Only if an upward space is created will there be room for a pullback; if no space is created, then a pullback would lead to a sharp decline. As expected, the pullback started this morning, and the closing price is at $0.181. Based on a maximum pullback of 60%, it would be around $0.181. If the pullback is too deep, then there is basically no chance for another rise. Currently, from the weekly trend, it still doesn't want to go up, and from the daily chart, the Bollinger Bands are showing signs of widening. The key now is whether there is continuous capital inflow, which is the decisive factor for the market. In theory, yesterday's trading volume could have pushed the price close to $0.20, because the high point on the left was $0.1888 with a trading volume of over 3.6 million, and yesterday's high was $0.186 with a volume of 5.1 million. The reason it didn't rise is that large funds are starting to short futures.
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