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$CELR is showing clear signs of weakness after losing its range support.
The recent breakdown has shifted market structure to the downside, and every bounce is getting sold into. Volume is fading on recoveries while sellers continue to apply pressure.
If this level isn't reclaimed soon, the next move could be a fast leg down as trapped longs start exiting positions.
For now, the path of least resistance looks lower. CELR remains one to watch for a potential downside extension.