It had formed a double top and a negative divergence. Also, in this price action, after the second top where it made a false breakdown, it could have had a deep correction. The environment was suitable for that too. To explain what I mean, I also added a price action photo to the chart. But for all of this to play out, EMA21 needs to be broken
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$ONDS
It had formed a double top and a negative divergence. Also, in this price action, after the second top where it made a false breakdown, it could have had a deep correction. The environment was suitable for that too. To explain what I mean, I also added a price action photo to the chart. But for all of this to play out, EMA21 needs to be broken