The price has broken through the major support area and is currently in a continuous downtrend. There are no signs of strength at this time, so it's best to avoid new long entries. The price needs to reclaim the $1.00 level to gain some bullish momentum, and we will only consider new entries once it is above that level.
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IO analysis:
The price has broken through the major support area and is currently in a continuous downtrend. There are no signs of strength at this time, so it's best to avoid new long entries. The price needs to reclaim the $1.00 level to gain some bullish momentum, and we will only consider new entries once it is above that level.