Current situation: Long-term upward trend, with price break of the trendline, the price goes below 50EMA, below 200EMA and breaks down to 23.6 Fibonacci. The price is currently in this Fibonacci area. Good for short position with close stop.
Alternative: Repelling with a confirmation of 23.6 Fibo and a successful test with a hold above 200EMA, the price goes back to the trend and the movement continues.
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