Price is rising towards the overlap resistance zone which also aligns perfectly with the 61.8% Fibonacci projection and the 38.2% Fibonacci retracement.
Since we're in a bearish trend, a rejection from this level could lead the price to drop lower to the 1st support level which is also a pullback support.
Since we're in a bearish trend, a rejection from this level could lead the price to drop lower to the 1st support level which is also a pullback support.