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$BILL The price has turned downward from the high point of 0.194, breaking below the double moving average support, with moving averages in a bearish alignment, and the high points continuously decreasing. The downtrend has been established, and the current rebound is only a technical correction, not a reversal.
The rebound cannot break through the moving average resistance, indicating that the bulls' momentum is weak, and the selling pressure from the bears still dominates. The downward momentum has not exhausted, and the rebound is just an opportunity for the bears to re-enter.
High-level trading volume is shrinking, indicating insufficient buying funds. The rebound lacks sustainability. Once the correction fails, it is highly likely that the downtrend will continue, challenging previous lows.
Strictly set stop-losses, participate with light positions in line with the trend, avoid counter-trend bottom fishing, and do not hold onto positions. Take partial profits at target levels during pullbacks to secure gains!