$DEGO The sharp dump and volume spike suggest we may be near a local bottom or at least a temporary exhaustion point, but the overall trend is still bearish, so further downside is possible if no strong reversal occurs

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- If you want to short, the ideal entry would be if price bounces to the 0.064–0.069 area and shows rejection (for example, a bearish engulfing candle or a clear failure to close above 0.069). Take profit at 0.063, then possibly 0.058 if momentum continues. Place stop-loss above the swing high at 0.072.

- If you want to try a long scalp, only consider entry if you see a strong bullish reversal signal (such as a hammer, bullish engulfing, or a double bottom on 5m-15m) after a sweep below 0.063. Take profit at 0.069, with possible stretch to 0.072 if momentum strengthens. Stop-loss below the lowest wick.

- Key confirmation for any trade: Wait for a reaction — for shorts, look for strong rejection at resistance; for longs, look for sweep and quick recovery or reversal pattern at/just below support. If you see only weak bounces or price closes below 0.062 on strong volume, more downside toward 0.058–0.054 is likely.

- My bias: After such a steep move, a short-term relief bounce is possible, but unless price reclaims 0.069–0.072 with conviction, the overall trend remains bearish and rallies are likely to be sold into. Only consider a reversal if price reclaims 0.069 on strong momentum and holds above.

- If price consolidates here and fails to bounce, expect another flush lower. If a reversal signal forms, a quick scalp to resistance is possible but treat it as counter-trend.

This is not investment advice, but an educational analysis based on current chart structure and volume dynamics. Always wait for confirmation and manage risk with stops at critical swing highs or lows!