BASF - Price Action & Fib Retracement

BASF is sitting just below a crucial support at 1280 on its fall.

Sell below 1265 for 1240 (50DSMA), 1225, 1210, 1200 with SL at 1280

Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)

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