Honestly, does this chart even need a second look? Active selling volume is nearly 50% higher than buying volume. Sell orders are weighing on the order book, and the little depth on the buy side can’t even support a decent bounce. It’s down nearly 3% in four hours, with consecutive bearish candles over the past fifteen minutes. The price is sliding lower along the moving average, and the bulls haven’t put up even a token fight. I’m not interested in hearing about an oversold bounce. The bears are holding the bulls’ heads underwater right now. I’ll say it plainly: if this trend doesn’t break below the previous low, that’s already giving it too much credit.