If we look at the situation from the beginning of the distribution, we can have a broader view. If it comes out of the uptrend completely, I think it will most likely touch the price range of 40 cents.
It is also observed in the RSI that there is a negative divergence and promises further decline.
Perhaps he said that 40 cents would protect the price, and after a while of suffering, it remains to be seen which direction the market is more inclined.
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