Price sharply rejected from the 0.2042 high and is now breaking below the 50%–61.8% Fibonacci retracement zone after a lower high. The move shows strong selling interest, aligning with MACD histogram momentum shift into the negative.
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Disclaimer
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.