Jun. 19 at 10:26 AM
$AQN is sitting right on the edge of a breakdown zone after failing to hold the breakout it had earlier this month. Price action is extremely flat and volume has dried up hard.
The EMAs are pinching tight and curling down on both the 1D and 4H, which shows a loss of momentum and building pressure. If the 5.70 level cracks with volume, I think it heads straight for 5.25 then possibly that bigger level at 5.00 flat.
Calls here are risky and would only make sense on a reclaim above 5.90 with strength and volume confirming. The short side has better structure right now unless it proves otherwise.
