COCOA's bearish pressure intensifies. Following Friday's sharp breakdown, the market has maintained weakness through yesterday's trading session. The narrow-range candle formation stuck near the lower boundary of the downtrend continues to signal seller dominance. Notably, any attempt at recovery has been immediately rejected, with buying interest conspicuously absent at current levels. The technical structure remains firmly under bearish control, suggesting continued downside vulnerability unless we see a meaningful reversal candle with conviction behind it.
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BearMarketHustler
· 7h ago
Cocoa's recent selling pressure is too intense, every rebound results in a dead end, the bears really aren't giving any room to breathe.
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OnChainArchaeologist
· 7h ago
Cocoa has really been smashed through this wave, and the rebound was pushed back down, with the bears firmly in control.
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SurvivorshipBias
· 7h ago
Coco, are you going to break the bottom? The seller is completely suppressing the push.
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PrivateKeyParanoia
· 7h ago
Cocoa has been smashed again, the sellers are really aggressive.
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CounterIndicator
· 8h ago
Coco has dropped again, the selling pressure is really fierce.
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YieldWhisperer
· 8h ago
Coco's drop is really sharp, and the selling pressure is still ongoing...
COCOA's bearish pressure intensifies. Following Friday's sharp breakdown, the market has maintained weakness through yesterday's trading session. The narrow-range candle formation stuck near the lower boundary of the downtrend continues to signal seller dominance. Notably, any attempt at recovery has been immediately rejected, with buying interest conspicuously absent at current levels. The technical structure remains firmly under bearish control, suggesting continued downside vulnerability unless we see a meaningful reversal candle with conviction behind it.