Break upwards or a sharp drop?

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Feel ike a break upwards is the most likely scenario right now? theres a bullish divergence on the 4H and descending channel which can also be interpreted as a descending wedge with declining volume. I think a long trade with a target at the high 8k range with a stop loss around 7.8k is a good bet.
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*stop loss around 7.7k
Chart PatternsTrend Analysis

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