#MarketRebound #ClaimYourReward
*Current Price:* 0.6486 (up 0.28%)
*Trend:* Bearish bias with a confirmed breakdown below support at 0.6552.
*Key Observations:*
1. *Price Action:* Trading below 0.6552 indicates potential downward momentum.
2. *Indicators:* DEMA 50 may act as dynamic resistance, reinforcing the downtrend. A bearish MA/EMA cross could signal further decline.
3. *Key Levels:* Resistance at 0.6552; reclaiming this level could indicate a reversal.
4. *Strategy:* Look for short opportunities or wait for a retest of 0.6552 as resistance. Monitor for reversal signals if the price recovers above 0.6552.
*Trading Plan:*
- Short-term traders: Be cautious of volatility on 1m-1h charts.
- Longer-term traders: The breakdown on higher time frames (e.g., 1M) confirms a stronger bearish trend.
*Conclusion:*
The bearish bias and breakdown below support suggest potential further decline. Traders should monitor key levels and indicators for reversal signals or short opportunities.
