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Key levels have been lost, and bear market momentum is building up; unless the bulls strongly reclaim them, the probability of continued selloff remains high.
The structure has weakened, and price is starting to lose key support levels.
If sellers maintain control, bearish momentum could build quickly and push the market toward lower targets.
Bulls need a strong recovery to invalidate the current setup, otherwise the path of least resistance remains to the downside.
Keeping a close eye on PIXEL here. Further downside could be on the table.