Price is currently moving under a strong descending trendline, showing clear bearish pressure. Market also got rejected from a key resistance zone and is now consolidating.
🔻 Bias: Bearish
📉 Structure: Lower highs + trendline resistance
📍 Key Resistance: Trendline + horizontal zone
📍 Key Support: Recent low area below current price
Outlook:
If price stays below the trendline, a breakdown is likely, targeting the next support zone.
Only a strong breakout above trendline would shift momentum bullish.
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