Technical breakdown on the $TOTAL chart.


We just saw a clean break below the diagonal support (Uptrend Line) following a significant rejection at the horizontal resistance zone ($2.44T - $2.48T).
=> The chart shows a potential move back to the February lows.
1. Current Level: $2.32T [approx.]
2. Bearish Target: $2.05T
3. Potential Drop: ~11% from here.
=> Why it matters: The $TOTAL chart represents the entire asset class. When this breaks, correlations tend to go to 1. Everything bleeds together.
=> I’m looking for a "retest" of the broken trend line. If it holds as resistance, the short setup to $2.05T is confirmed.
Patience is key.
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