Descending Trendline Keeping Pressure Intact

Apr 21

Price recently faced rejection from the descending trendline, maintaining the overall short-term bearish structure. However, a reaction from the highlighted support zone suggests that buyers are attempting to step in, leading to a potential short-term recovery.
The trendline continues to act as a key dynamic level, and any interaction around this area will be important for structure confirmation. A sustained move above it may shift short-term momentum, allowing price to explore higher zones marked on the chart. On the other hand, failure to hold the current support region could keep pressure on the downside.
At this stage, price remains within a broader range between support and resistance, and observing how it behaves around these levels can provide further clarity on the next move.

Apr 22

Trade active

Price has shown a reaction from the highlighted support zone after the recent downward move, indicating a potential short-term stabilization. The descending trendline remains a key level, as price is now approaching this area again.
A continued hold above the current zone may support further recovery toward the upper marked areas. However, if price fails to maintain this support, the structure could remain under pressure in the near term.
For now, price is developing within key levels, and observing how it behaves around the trendline and nearby zones can provide more clarity on the next phase.