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umar samaila
MACD has formed a bearish divergence and a death cross, both bearish signals, suggesting short-term retracement pressure.
If the 8.52 support breaks, the next focus is at 8.44. This level corresponds to the 0.618 Fibonacci retracement from low to high and resonates with the ascending trendline below, making it suitable for existing long positions to add and lower the cost basis.
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