On the chart we can see that the price broke down of the rising channel. It looks like the upsloping support has already failed, therefore we expect that the price go lower.
You can enter the short position now as the support failed.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back above upsloping support line.
You can enter the short position now as the support failed.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back above upsloping support line.
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