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Bearish Short-Term Outlook on Cryptocurrency with Targeted Short Entry

The coin is trending downward in the short term, with peaks following a downward trendline, forming multiple support levels. Each support level is expected to gather unfulfilled liquidity.
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AI Analysis

The current chart analysis reveals that the coin is entrenched in a local downtrend on the 30-minute timeframe. The peaks are aligned along a descending trendline, emphasizing persistent downward mome...

AI Recommendation

Given the analysis, it is advisable to proceed with the short position as outlined, entering around the current levels with a stop loss at 0.641 to manage risk. Traders should watch for increased volu...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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