ShortIf the market price breaks the 0.94280 pivot point and falls below it, there’s a strong possibility of a bearish move, potentially targeting the next support level at 0.92858. A break below the pivot point could signal a shift in momentum, and with the support at 0.92858 acting as the next significant level, the market could find some relief or bounce there.
If you're planning to take a position, it might be wise to monitor for confirmation that the price is indeed rejecting the pivot point level, and then consider shorting toward 0.92858. Always ensure you have a solid risk management strategy in place, especially in case the price reverses before reaching the target.
