Should the price break the lower resistance, it is probable that it will extend its downtrend momentum towards the demand level at the base. In such a scenario, we can explore opportunities to initiate a short position, possibly arising from a newly formed and influential supply zone that triggers the breakdown.
The target will be the demand level at the bottom which is also a great level to open a buy position.
Chart PatternsSupply and DemandSupport and Resistance

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