The price is in a correction and may grow.

On the daily chart, the first wave of the higher level (1) formed, a downward correction ended as the second wave (2), and the third wave (3) started. Now, the entry first wave of the lower level 1 of (3) is developing, within which a local correction is developing as the wave iv of 1 of (3). If the assumption is correct, the asset will grow to the area of 49.00–50.50. In this scenario, critical stop loss level is 40.70.