The market has stabilized, the first signs of a downtrend appeared

For this forecast, we recommend to set Sell Limit at the following price - 118. This idea is based on the following analysis:

1. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
4. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.