Friends, remember my words, this structure is showing extreme weakness.
Look closely at the chart. After the decline from the peak, we observed a clear downward trend, accompanied by persistently decreasing volume. The current price consolidation is happening against the backdrop of volume exhaustion, which is a typical signal of buying power depletion. The momentum indicators also confirm this; the MACD is hovering below the zero line, lifeless, indicating a lack of any meaningful rebound strength. We have seen the price repeatedly rejected at key moving averages (the middle band of the Bollinger Bands), showing strong bearish control.
This is precisely the stage where disciplined traders profit significantly while the public hesitates.
Short execution plan:
Entry: 855
Target 1: 815
Target 2: 780
Stop loss: 925
$CARV
