Technical crypto analysis based on breakout – Remain short

Recently, Eur bounced off from the resistance level 1.2500 and is currently heading to the lower side. Unless this line is not breached to the upper side with a big green candle, I expect the price to plummet even further with my take profit at 1.1708 and the next take profit at 1.1462. On the way downwards, the key lines to look for include 1.2270, 1.2085 and 1.1708. If these lines are breached, then A decline towards 1.1462 looks more ideal and can be advised. As it is, only a short position towards 1.1708 looks much better.

R1: 1.2542

R2: 1.2627

R3: 1.2816

1.2438

S1: 1.2061

S2: 1.225

S3: 1.2353

Remain short with your take profit at 1.1708