ROUTE MOBILE: BEARISH BREAKDOWN ALERT!

⚡️Price Analysis:
1️⃣ Price broke below major Sz (EMA confluence zone)
2️⃣ Formation of LH-LL structure indicates bearish control
3️⃣ Death cross on EMAs - significant bearish signal
4️⃣ Sharp decline with increased volume showing selling pressure
5️⃣ Failed to hold previous support levels

✨ Key Observations:
➡️ Immediate Sz at previous support turned resistance
➡️ Multiple support levels visible on downside
➡️ Need recovery above EMA zone to neutralize bearish trend
➡️ While temporary bounce can be exected but, RRR unfavorable for longs at current levels.
➡️ Watch for potential bear trap near psychological support however it is approaching a Sz.
➡️ Weekly trend turned bearish
➡️ Multiple failed attempts at highs created strong Sz

⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️

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