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It is still trading under pressure, the structure has not changed yet
The price continues to respect the descending resistance
Every upward move slows down near it… No real breakout has occurred so far
The rebound from 2300–2400 shows that buyers are active
But it seems more like a temporary reaction
Not strong enough to change the overall trend
Now the price is approaching 2600–3100
This area is important
Where sellers have been consistently intervening
If the price struggles here again
The downtrend remains in effect
And moving toward the lows remains a possibility
That descending resistance is the key
As long as the price stays below it
Control remains in the hands of the sellers
Only a strong close above it would change the picture
Then momentum could start to shift
Focus on how the price reacts in this area
Rejection maintains the downtrend
And a breakout begins a new story
Price continues to respect that descending resistance
Every move up slows down near it… no real breakout so far
The bounce from 2300–2400 shows buyers are active
But it feels more like a temporary reaction
Not strong enough to change the overall direction
Now price is approaching 2600–3100
This zone matters
It’s where sellers have been stepping in consistently
If price struggles here again
The downtrend stays intact
And another move toward the lows stays in play
That descending resistance is the key
As long as price stays below it
Control remains with sellers
Only a strong close above it changes the picture
That’s when momentum can start shifting
Focus is on how price reacts in this area
Rejection keeps things bearish
Breakout starts a new story