Around the purple highlighted area, which coincides with previou
Bearish Continuation: If the price breaks below the support zone, further downside movement is expected, as indicated by the blue arrow.
This setup aligns with the broader bearish sentiment, but traders should wait for confirmation of the breakout before entering short positions. Targets could be set near the lower boundary of the channel or even lower depending on momentum.
This setup aligns with the broader bearish sentiment, but traders should wait for confirmation of the breakout before entering short positions. Targets could be set near the lower boundary of the channel or even lower depending on momentum.
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