Retail Sentiment Points to Lower Prices?

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If we break through that support level, we'll probably head down to 28.5 or even lower.
And the retail sentiment is also in line with this scenario.
At the moment, most are long, and short positions are starting to shrink (check out the chart).

Guys, who else sees the same level of support as us? And why? Let's discuss it

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ملاحظة

Yesterday, there was a post about a forecast for more pressure, depending on whether support breaks. But how was that support determined? Very few traders can tell if would take away all the blues from the chart. If you're interested, we'll make a post about it. Just let us know.
Thanks! Have a great trading day everyone.