OLD Price Update – Clean & Clear Explanation

Price is currently trading inside a rising channel, showing a short-term bullish structure after a strong impulsive drop and recovery. The market respected the lower trendline support and pushed higher with higher lows, indicating buyers are active.

Bullish continuation:

If price breaks and sustains above 4,960 it may consolidate briefly and continue toward 4,970+, targeting higher may be then price test 5000 level Failure at the upper resistance could lead to a pullback toward 4,930, and a deeper sell-off may extend to 4,900 – 4,885 liquidity zone.
Overall bias remains bullish while inside the ascending channel, but strong resistance overhead suggests caution and confirmation is required before continuation.

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