1 hour time frame The price is moving in a downward channel, which after hitting the bottom of the channel had a corrective move to the middle line of the channel, which does not seem to be able to cross. The moving average also indicates a downtrend, which should wait for signs to rise again
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Be careful it is still in a downtrend Due to the recent bearish candle, there is a possibility that the price will fall to the bottom of the channel
@joyfulSnail65793, It has a significant resistance in the range of 28700, to which it must be seen how it reacts
But with the failure of the canal roof, we can see signs of failure of the downtrend