$ONE local top might be in.

13 Jan 2022

The 1D chart had hit the fib level again. The pump towards this fib level was not backed by more strength hence the (probable) bearish divergent on both RSI and OBV are likely to happen. This might be the local top for OONE for now. I am expecting a correction to around $0.266 at the very least but it can go lower too to around $0.225. Of course, it could be invalidated and pumped hard more but the chance for this to happen is smaller. At this point, I better wait for a better level to buy the spot and look for a good entry to short with tight stop loss.