Bullish rebound (needs confirmation)

Support zone: ~4,680–4,700
If this breaks cleanly → downside continuation likely.
Resistance / Targets above:
4,774 → first resistance (near 200 EMA)
4,833 → stronger resistance
4,891 → major upside target (previous high area)
📊 Likely Scenarios

1. Bullish rebound (needs confirmation)

Price holds support AND breaks above the descending trendline
Then:
First move → 4,774
Continuation → 4,833 → 4,891
This would signal trend reversal attempt

2. Bearish continuation (still the dominant structure)

Price fails to break the channel and rolls over
Break below 4,680 → opens further downside
This aligns with current momentum + lower highs
⚠️ What matters most now
Reaction at trendline + 50 EMA
Whether buyers can defend the support zone again
A clean breakout vs rejection at ~4,740–4,770 area
Bottom line

Right now, this isn’t a clean buy yet. It’s more like:

“Wait for confirmation” if bullish
“Trend-follow short bias” if resistance holds