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The good news is that the intraday low did not go lower than the previous low, so it's likely that the decline has stopped today. However, the current high has not broken above the previous high, indicating that the rebound momentum is still weak. I hope it can continue to rebound, and ideally close with a lower shadow candlestick, which would be a very positive sign.
Additionally, on the daily candlestick chart, the current price is exactly at the dense area of chips around June 10, serving as a strong support level. Optimistically speaking, the decline is almost done at this level. If it drops further, it would open up new downside space, which I hope does not happen.🙏
To find positive signs, I've almost become a chart-painting blogger😂 Still focusing on intraday short-term trading, I haven't talked about these for years😂 To boost everyone's morale, I've pulled out all my hidden skills, hoping it's useful to you all.💪
Buy the dip, hold long-term, Discord in bio.