Potential 20% further downdraw from here. When you have a well defined channel and you break above and fail. There is good odds you will test the other side of the channel. Not saying it will happen but it is something I am preparing for. The groundwork is there with potential rate cuts (Historically bearish) and recession fears acting as a potential catalyst in the coming weeks/months. That being said there will be opportunities to buy the dip here and if you DCA the end of the week should be a good time to start
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