There's also this $4...
It's clearly being continuously suppressed by the moving average, creating "lower highs" and establishing a downward trend.
However, at the two red boxes, one low breaks through the stop-loss orders of most retail investors, and then another red box forms a "higher high," negating the downward trend indicated by the eight red arrows, creating a tangled pattern.
At this point, it's time to observe whether the previous moving average is valid again. A valid indicator is whether the price rebounds strongly after a pullback or nears the moving average. If there is a strong rebound, enter the market on the second pullback.
If there is no strong rebound and the price repeatedly crosses the moving average, it should be blacklisted for short-term trading.
*Don't treat your attention as a silent cost*