The sentiment of the market is clearly bearish. The price is constantly forming Lower Highs and Lower Lows. A huge bearish candle has penetrated through the local zone of support identified on the chart, and now we are waiting for a valid re-test of the broken zone. The broken zone of support also aligns with 0.618 Fibonacci retracement level. As soon as the price reaches that level, we will be closely monitoring the market for more confirmations before entering and setting a nice target with a nice risk-to-reward ratio.
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