🩸$CC Structure officially breaks down; the multi-month rising support has been declared lost.
Price failed to hold the lower end of the range and directly broke through the rising trend support that had been in place for months. After the breakdown, price moved into a weak rebound—this is a classic bearish candlestick structure. A lack of rebound strength is a continuation signal for the bears.
🔴 Bearish targets: If you cannot quickly reclaim the broken trendline, the first target below is the $0.078 liquidity area; then further down toward $0.055.
The bulls’ only way out: They must quickly take the trendline back, otherwise the liquidity below will be harvested one level at a time.
$CC
Price failed to hold the lower end of the range and directly broke through the rising trend support that had been in place for months. After the breakdown, price moved into a weak rebound—this is a classic bearish candlestick structure. A lack of rebound strength is a continuation signal for the bears.
🔴 Bearish targets: If you cannot quickly reclaim the broken trendline, the first target below is the $0.078 liquidity area; then further down toward $0.055.
The bulls’ only way out: They must quickly take the trendline back, otherwise the liquidity below will be harvested one level at a time.
$CC