Looks like $FIO tried to rally up to around 0.0188-0.0189 yesterday (July 28th), but that old resistance held firm. Big rejection there, and we've been bleeding out pretty consistently since.
The selling volume was noticeable on that down move. We found some temporary support around 0.0166-0.0167 area on the 29th, saw a little bounce, but it didn't last.
Right now, we're seeing a slight uptick, but volume isn't exactly screaming "reversal" just yet. It feels more like a bounce off the recent lows around 0.0166 again.
If it can hold this level and build some momentum, maybe we retest 0.0175, but for now, it's still looking like a struggle to regain that lost ground. I need to see some serious buying pressure to change the narrative here. Watching for a clear break above 0.0175 with conviction. Otherwise, we could be looking at another test of those lows.
