Investors didn't show much interest in one Cion Investment way or another today. It hasn't moved too much today but is slightly down, it lost -0.42% since yesterday. CION is near a decent horizontal support line. It may find support at this level and bounce upward. It's definitely important to take into account the directional momentum, so let's be honest Cion Investment has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of
better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the asset have lost -41.67 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who
want to break even and exit the position.
If the price bounces off of the support and moves up it'll probably head up to the $6.55 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
