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The short-term momentum is building up; the key is whether it can hold this pullback zone.
If it can't hold, the downward space will open up.
Stay alert.
Price is now testing the breakdown zone.
A successful retest could turn old support into resistance.
If sellers step in, downside acceleration becomes likely.
Momentum is shifting in favor of bears.
The setup is simple: reclaim the level or prepare for more downside.
Tracking this closely. A clean retest rejection could trigger the next leg down.