As it can be clearly inferred from the chart, the sentiment of the market is super bearish. The price is now approaching a local zone of support turned resistance. We will be closely monitoring the price action and patiently waiting for the consolidation to happen, before we open short positions and aim for the previous Lower Low.
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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.