The price fell into the lower diagonal of the structure and reacted sharply, suggesting that demand may attempt to defend this zone.
📉 Technical perspective: • Pattern: descending channel with compression at the late stage near the lower boundary • Bias: bullish as long as the price stays above the recent support reaction • Key level: lower channel support as protection and upper diagonal as a recovery target ✅ A decisive break and consolidation below the channel bottom could invalidate the rebound idea and reopen the downside risk.
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good job
The price fell into the lower diagonal of the structure and reacted sharply, suggesting that demand may attempt to defend this zone.
📉 Technical perspective: • Pattern: descending channel with compression at the late stage near the lower boundary • Bias: bullish as long as the price stays above the recent support reaction • Key level: lower channel support as protection and upper diagonal as a recovery target ✅ A decisive break and consolidation below the channel bottom could invalidate the rebound idea and reopen the downside risk.