🚨 $OWL – Breakdown Phase, Caution Zone 🚨
$OWL is in a clear bearish structure on the 1H chart after breaking down from the 0.08–0.085 distribution range.
Price has printed consecutive lower highs and lower lows, with strong selling pressure and weak bounce attempts — a classic sign that sellers are in control.
The recent low near 0.0575 shows some reaction, but there’s no confirmed reversal yet.
⚠️ Trade Considerations
🟠 Short-on-Retrace Zone: 0.0620 – 0.0650
🔻 Current Price: 0.058845 (-19.68%)
📉 Downside Levels: 0.0560 → 0.0520
🛑 Stop Loss: Above 0.0680
Until $OWL reclaims and holds above the broken structure, any rallies are likely corrective rather than trend-changing.
Patience is key — wait for either a clear base or a confirmed reclaim before considering longs.
#OWL #GrayscaleBNBETFFiling #USIranMarketImpact #WEFDavos2026 #GoldSilverAtRecordHighs ⚡