The trend is completely bearish, with the price continuing to drop. There is a descending trendline that OP has been moving below, having hit and dropped from it twice. It looks poised to break this trendline and start a new upward trend.
The scenario involves breaking this trendline; if it breaks and retests, there is potential for an upward movement.
The scenario involves breaking this trendline; if it breaks and retests, there is potential for an upward movement.
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