The market is currently in a downtrend and has hit support. It bounced off support but hasn't broken out of the descending flag pattern. A breakout of the descending flag would see the price retest the resistance at 23.6% and 38.2%. Entry: 0.005 Target: 23.6% (0.005354) and 38.2% (0.005956) Fibonacci retracement. Stop: 0.004189 This would be invalidated if the price breaks below the descending flag pattern and support
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