_TRAP SETUP ALERT: POTENTIAL LOWER LOW DROP_
_FOCUS ON CURRENT RUN-UP:_
The current price action is setting up a potential trap, indicating a possible lower low drop. Closely monitoring the range for a pullback to assess the next bounce entry.
_FALLING WEDGE ANALYSIS:_
- Watching for a pullback to the falling wedge support level
- Evaluating the next bounce for potential higher highs
- Assessing whether the wedge pattern will lead to a breakout or a continuation of the downtrend
_TRADE OBJECTIVE:_
- Identify a potential entry point for a long trade if the wedge pattern leads to a breakout
- Prepare for a potential short trade if the wedge pattern leads to a continuation of the downtrend
_RISK MANAGEMENT:_
- Cautious approach, as the trap setup indicates potential for a lower low drop
- Monitoring price action closely to adjust trading strategy accordingly
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