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The market is showing signs of bearish momentum as the price approaches the 3024.36 level,
a key resistance point. If selling pressure intensifies at this level, we could see a pullback, leading to a decline toward the 3000.27 mark.
A break below 3024.36 could trigger further downside movement, especially if volume supports the bearish trend. Traders looking to short may find this an ideal entry point, with a stop-loss above resistance to manage risk. If market sentiment remains weak, reaching 3000.27 is a likely scenario, making this a strategic selling opportunity.
follow comment and like this help me more and you also making money with me while i am sharing my ideas with less effort
The market is showing signs of bearish momentum as the price approaches the 3024.36 level,
a key resistance point. If selling pressure intensifies at this level, we could see a pullback, leading to a decline toward the 3000.27 mark.
A break below 3024.36 could trigger further downside movement, especially if volume supports the bearish trend. Traders looking to short may find this an ideal entry point, with a stop-loss above resistance to manage risk. If market sentiment remains weak, reaching 3000.27 is a likely scenario, making this a strategic selling opportunity.
follow comment and like this help me more and you also making money with me while i am sharing my ideas with less effort
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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.