2026-01-22 14:30:55

$PI The original trend has been moving within the large range of $0.2 to $0.3 for a long time. Since it broke below the lower boundary of the $0.2 range, the level of $0.2 will become an important resistance level. Therefore, the market cannot rise quickly but will rebound. After the rebound, it will continue to follow the original trend, and the price will keep searching for the market bottom until a new bottom is established, after which there may be sustained upward momentum.

PI1,2%

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WallStreetTrendResearch

· 13h ago

So, what is support? Simply put, support is the price level where the downward movement stops because the buying funds exceed the selling funds. No matter how many sell orders or buy orders there are, they can be absorbed. And what is resistance? Resistance is the price level where the upward movement stalls because the selling funds exceed the buying funds, and the buy orders cannot absorb the sell orders. Support leads to an increase in price, while resistance leads to a decrease. This is an unchanging rule in any market.

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