Denise! While no one can predict exact price levels, here’s a framework based on typical bearish reversal scenarios:

1. Immediate Support: Watch the Bollinger Middle Band (20-period MA). If the price breaks below current levels, this often acts as the first target.

2. Liquidation Clusters: With 79.4% longs trapped, a drop toward 0.0135–0.0130 (psychological support) could trigger cascading liquidations.

3. Lower Bollinger Band: A deeper retracement might test the Lower Band, often 5–10% below the current price (e.g., 0.0128–0.0125).

4. Volume Confirmation: If selling volume spikes, the downtrend could extend further.

Always adjust levels based on real-time price action and set stop-losses above key resistance (e.g., 0.0143–0.0145). Trade safe!

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Sayid Mondal

Reply to @Denise Ronsani AAoO