The price is in a correction and may grow.
On the daily chart, a downward correction of the higher level ended as the wave (B), within which the wave C of (B) formed, and the development of the upward wave (C) started. Now, the first entry wave of the lower level i of 1 of (C) is forming, within which the wave (i) of i has formed, and a local correction is developing as the wave (ii) of i. If the assumption is correct, the asset will grow to the area of 210.00–240.00. In this scenario, critical stop loss level is 108.85.