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Bearish Disruption Analysis

1. False Breakout Zone (Red Box Area):

The price is revisiting the red box area (potential supply/resistance zone). If it fails to break and close above this zone convincingly, it may signal a bull trap.

Previous attempts to push higher were rejected around this level, showing seller strength.



2. Lower High Formation Risk:

The recent upward move might form a lower high compared to the high from the 25th.

If price reverses below $33.30–$33.20, it could trigger more downside momentum, potentially targeting the $33.00 or even $32.80 level.



3. Volume Divergence:

Notice the decline in volume as price attempts to rise. Lower buying volume may indicate weak bullish conviction, which increases the risk of a downturn.



4. Bearish Candlestick Reversal Pattern:

If any bearish engulfing or shooting star candlestick forms near resistance, it would support a bearish reversal case.

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