Here is a quick breakdown and the corresponding trade orders:
Technical Observations
Trend: Bearish momentum dominates the short-term view. After failing to break the major resistance at $98.41, the price made a series of lower highs and lower lows.
Moving Averages: The price is trading below both the MA(7) ($89.77) and MA(25) ($92.07), showing a short-term breakdown. However, it is currently sitting right on the long-term MA(99) line ($89.11), which matches the historical mid-range pivot floor.
Support/Resistance: The immediate support floor is holding tightly at $88.19. If this breaks, a quick drop toward $85.68 or the lower channel boundary near $78.00 is likely.
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