The market showcases a clear bearish sentiment as indicators align for more downward movement. Currently, prices hover beneath the recent swing equilibrium, suggesting continued weakness.
I foresee a possible decline towards 0.0469, particularly if we observe a rejection around the 0.0489–0.0500 range, where notable supply is evident. A strong bearish confirmation in that area could set the stage for a short position as the market looks to test 0.0469.
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