$DEFI or $DEFT.US where to volume is, has a nasty look about it no matter what timeframe you look at. The daily time series all the way up to the monthly have pretty rough appearances with price loosing it's volume support and looking down the barrel of the next leg to the .786 retrace of the April25-May25 monster rally.
I have been following the company for a long time. I even remember the time it traded at like C$ 0.07. So, I have a feel for management and how they are executing - I like them fwiw. That being said, a ticker symbol can have a mind of it's own and right now, it looks like it wants to check out what's going on at that very broad level of support from 2.30s down to 1.73.
TBH, I wouldn't be surprised if it went sub-2s and hit the 1.618 extension of the June-July bounce. This may be on fire sale in the not so distant future.
