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Is CION positioned for a breakdown? 200 Day Moving Average Resistance shows up after gaining 0.31%
On Tuesday, September 16th, CION moved up 0.31% while volume increased to 1.6× the usual levels. Multiple bearish signals emerged — 200 DMA Resistance and Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 9.73, 9.67 & 9.6, with resistance at 9.86, 9.93 & 9.99. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of CION: D
Today’s move could mean more—check all the signals for CION on SwingTradeBot.
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