It looks like wave C may have come to an end, and the price is now starting a new bearish phase. This move could either be interpreted as wave D of the current structure or possibly the beginning of an entirely new corrective pattern forming in the market.
In both scenarios, the overall structure suggests that the price still has at least one more downward leg to complete before any meaningful reversal or trend shift can be confirmed.
We currently have two potential entry zones identified. The plan is to scale into the position using a DCA (Dollar Cost Averaging) approach rather than entering with full size at once, in order to manage risk more effectively across both levels.
The first target has already been defined. Once price reaches this level, it is recommended to move the trade to breakeven and secure partial profits to reduce exposure and lock in gains.
It is also very important to monitor price action closely. A daily candle close below the invalidation level would completely invalidate this bearish scenario and confirm that the current analysis is no longer valid.
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Do you also think 0G is bearish?
