Looking at the H4 chart, the price is approaching our sell entry area at 32633.50, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. If the price were to reverse, it could drop down to our take profit at 32247.39 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 32951.67 which is an overlap resistance.
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