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Taking a closer look at BUND's current price action. The rebound keeps hitting resistance around the long-term moving average, then rolling over. Each time it fails at this level, it retreats to the 126 horizontal support zone—typical behavior when buying momentum fades. This weakness in the bounce suggests the path of least resistance points lower. The setup is shaping up nicely for a short entry if we see another rejection at that overhead resistance. Watch how price reacts at the moving average on the next attempt—that's where conviction builds or fades.