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PLUME Plun...
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TronWeekly

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PLUME Plunges 6% Under Due to Intense Bearish Action: Is the Bottom Close?

  • PLUME token has declined by over 6% amid heavy selling and bearish sentiment.
  • Technical indicators suggest the possibility of a short-term bounce.
  • Analysts advise traders to be cautious due to low liquidity.
  • PLUME's value decreased by 6.21% to $0.0988.
  • Analysts anticipate a potential end to the downtrend soon.
  • Bulls need to reclaim $0.1024 for any chance at recovery.
  • Technical indicators show PLUME is oversold, with RSI at 30.20.
  • MACD indicator forms a bearish crossover, supporting a negative outlook.
  • Support levels for PLUME are at $0.0952 and $0.0915, while resistance is at $0.1024.
  • Traders advised to trade cautiously and use proper risk management strategies.
  • Liquidity in the PLUME market is low, rated at 4 out of 10.
  • Traders should consider stop-loss levels and avoid over-sized risks.
  • Oversold signs could lead to a temporary bounce for PLUME.
  • Caution is recommended until a successful reversal is observed for PLUME traders.

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