assuming the downtrend to start around 25th February, on 4h chart, we can notice the recent 'pump' or shall we say a bull trap clearly touches the classic 50% retracement mark, and now we have the continuous downtrend confirmation. note the price lines
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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.