Currently, the price is retesting the support level, which it broke quite sharply, and it is quite natural for a price action movement. The further bearish rally will be confirmed as soon as the will again break the support level. At that time, we can place a sell stop, and our Stop Loss will be above the support level and for more clarity, I have also opened the short position on the chart.
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Disclaimer
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.