This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance. As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.
The Rule of thumb is: ⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down.