Price is moving in an ascending channel, showing a clear bullish structure with higher highs and higher lows. Currently, the market is consolidating near a key support zone after a strong push up.
The trend remains bullish as long as price holds above the highlighted support area and the trendline. A continuation move is expected if momentum builds, targeting the upper resistance zone.
However, a breakdown below support could shift short-term sentiment bearish and lead to a deeper pullback.
Bias: Bullish continuation above support
Key Zone: Support holding inside channel
Scenario: Breakout → further upside | Breakdown → correction
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