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💎The Defi Index could have completed a Head and Shoulders reversal pattern while forming a double bottom at 5542 level. This support aligns with the 261.8% Fibonacci retracement, applied to the last pullback before the final drop.
💎Today, Defi Index is testing the support for the second time, and for now, we can see a clean bounce once again. As long Defi Index remains above the current demand level; we should see a W reversal pattern similar to the previous one.
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