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Breaking below the key level, along with volume momentum shifting, follows a familiar playbook: this rebound is likely a bull trap—wait for an even lower level, then reassess.
Breakdown confirmed.
Buyers failed to defend support.
Momentum is shifting to the bears.
Any weak bounce could be a trap.
Lower levels are now firmly in sight.
The structure has changed, and pressure keeps building.
Staying cautious here. A sharp move down could be closer than most expect.