The key signal is a two-stage intraday breakdown: heavy volume built near 3.60 in the morning, then a much larger sell wave in the afternoon pulled price down to 3.23. This is not a simple pullback; it has distribution-like behavior, with downside velocity stronger than any rebound attempt. In the order book, there is a visible bid stack at 3.19–3.22, but the 3.23 sell wall and additional offers above it create a clear barrier for any immediate upside escape. The daily and weekly charts confirm a sharp retreat from the 3.52–3.59 area to the 3.10–3.23 zone, so momentum is working against the prior trend. Recent news flow includes share transactions, capital-related announcements, and a circuit-breaker notice, which adds uncertainty, but today’s price action is primarily governed by order flow. The very large session volume shows that the move happened with broad participation, not in thin liquidity. The short-term focus is the balance between absorption in 3.19–3.22 and selling pressure at 3.23. Overall, the data point to downside control remaining intact despite some rebound attempts.