$ONE just rejected hard from the 0.00385–0.00390 supply zone and printed a strong bearish candle back into the range. Price is now around 0.00350, sitting below MA(7), MA(25), and MA(99) — momentum has flipped bearish again.

Market structure

Lower high formed at 0.00386.

Sharp rejection → follow-through selling.

Current bounce is weak and corrective.

Key levels

Support: 0.00345 → 0.00340

A clean loss opens 0.00330–0.00322 (range low).

Resistance: 0.00360–0.00365 (MA cluster), then 0.00385.

Bias

Below 0.00360: Bearish continuation favored.

Only above 0.00385: Structure improves; otherwise rallies are sells.

Trade idea (example)

Short: 0.00358–0.00365

SL: Above 0.00390

TP: 0.00340 → 0.00322

As long as ONE stays capped below the moving averages, downside pressure remains dominant.