BEARISH MOVE AHEAD — SUPPORT BREAK MAY TRIGGER FURTHER DROP!
Price is currently rejecting the $1.775 resistance and failing to hold above the mid-range structure. Sellers are stepping in strongly after multiple rejections at $1.793, and the chart shows a breakdown below key support. If $1.768 fails to recover, we could see a sharp drop toward the next demand zone near $1.726.
Trade Setup (Short):
Entry: $1.765
Take Profit: $1.726
Stop Loss: $1.780
Market Outlook: Momentum has turned bearish with increased selling pressure and breakdown from a support zone. If the price retests and fails to reclaim $1.775, the downtrend will likely accelerate. This setup favors a short position with tight risk control.
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This is your signal. Tap in before the next breakout candle!
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