The ongoing downtrend is gaining momentum, suggesting increased selling pressure. A key resistance level has formed, indicating a potential opportunity for a short position. I'll be monitoring this area for further confirmation before taking action. Stay tuned for updates as I continue my analysis of this zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.