Bearish
Fundamental
- Declining user
- Declining user time on platform due to switching to tiktok
- Funds distributing
- Overvalued
TA
- bearish momentum divergence ( first sign of warning )
- Price broke down 2 years upward trendline / retest / rejected
- Price rebound and rejected 0.5-0.618 strong level = strong trend to the downside
- Strong rejected at major S/R level
- Momentum theory indicator turned red
Fundamental
- Declining user
- Declining user time on platform due to switching to tiktok
- Funds distributing
- Overvalued
TA
- bearish momentum divergence ( first sign of warning )
- Price broke down 2 years upward trendline / retest / rejected
- Price rebound and rejected 0.5-0.618 strong level = strong trend to the downside
- Strong rejected at major S/R level
- Momentum theory indicator turned red