The price has stabilized below the previous high zone, initiating a bearish trend. As long as it remains below 22,120, the price is expected to continue its decline toward 21,980. Furthermore, a break below this level will confirm the bearish trend, extending the decline toward 21,754.
However, if the price reverses for any reason and rises above 22,120, especially with a 4-hour candle closing above this level, it is likely to retest the previous all-time high (ATH). A successful break above the ATH would signal the formation of a new high.
Tendency Keys: 22,120
Resistance Line: 22,120, 22250, 22600
Support Line: 21,980, 21590, 21754