$OP

– Confirmation of a lower high, a resumption of the downward trend is expected.

Re-testing an existing downtrend. A further collapse is likely.

Rejection at $OP from the $0.693 area after a weak rebound, forming a clear lower high structure. Current price action shows signs of continued downward movement as sellers return to enter at resistance. With the trend continuing to favor a pullback and buyers failing to regain control, another decline seems imminent.

Short Entry: $0.690

Stop Loss: $0.693

Target: $0.645

A confirmed breakdown below $0.682 is likely to trigger accelerated selling towards the $0.645 support area.