Hit the 0.618 Fib exactly today ($23.65) and at one stage was down -6% and is recovering nicely at the moment with a bounce on the 0.618 Fib at $23.68.
There are 3 clear waves now in this pull back and $ONON set new sales targets today, so this likely caused a stop loss raid as large investors wanted to get in at a lower price and the 0.618 Fib was the perfect place to get it.
Adding around these levels now if we can get support here makes sense, a retest of the 0.618 Fib would be the ideal scenario now and a confirmation of support.
Amadeus
2023-10-06 15:14:36 +0000 UTCAmadeus
2023-10-05 10:52:50 +0000 UTC