We are in the daily time frame. The price has broken the R1 line which was previously the support line. It can make a pullback to the R2 line and then fall. Or it can also break the confluence of the R1 and R2 lines and go up higher. But what we have in mind is that the price will make its pullback to the R2 line and then fall more.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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