The price is in a correction, a fall is possible.

On the daily chart, a downward correction ended as the second wave of the higher level (2), and the third wave (3) started, within which the entry first wave of the lower level 1 of (3) formed. Now, a correction is developing as the second wave 2 of (3), within which the wave a of 2 is forming. If the assumption is correct, the price of the asset will fall to the area of 48.50–46.40. In this scenario, critical stop loss level is 58.00.