$OBOL β Bearish Pennant Spotted on the 30 mins Chart
#OBOL is flashing a bearish pennant, which typically signals continuation of a downtrend after a sharp drop.
Key Points π
Structure: Tight consolidation after a major dump
Pennant Type: Bearish
Support Zone: Around $0.225β$0.230
Breakdown alert: A strong move below $0.230 could accelerate downside momentum.
#OBOL is flashing a bearish pennant, which typically signals continuation of a downtrend after a sharp drop.
Key Points π
Structure: Tight consolidation after a major dump
Pennant Type: Bearish
Support Zone: Around $0.225β$0.230
Breakdown alert: A strong move below $0.230 could accelerate downside momentum.
Unless bulls reclaim key levels fast, this setup could push price lower. Stay cautious and keep your eyes on volume for confirmation.
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