The reduction target is $117

Updated
According to the Butterfly pattern, according to Fibo, the decline at the target 117$ perfectly converges. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by June 2024, there will be a great point for going to long.
Trade active
144$ ok. Falling further
Trade active
135$
snapshot
ButterflyFibonacciGartley

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