I would like to expect a worst-case scenario that dumps more to the two-clashing support key level. This pattern might even show that price going to spiked in the short term. The price is currently on the Cost Averaging which means it is highly concentrated by the retail traders, in the bearish market, I would likely suggest the price will continue to dump since retail traders going to cut their position at Break-even because of Fear of Loss.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.