Resistance Zone (~22,639.45 & 22,714.35 - Red Lines)
The price is struggling to break above these resistance levels.
If the price breaks and sustains above 22,639.45, it could push towards 22,714.35.
Support Zones (~22,530.00 & 22,476.75 - Green Lines)
22,530.00: Immediate support; a break below this level could lead to further downside.
22,476.75: Stronger support; if broken, the price may fall further.
Descending Trendline (Blue Line)
The price is continuously making lower highs.
A break above this trendline could indicate a bullish reversal.
Possible Price Scenarios (Blue Arrows)
Bullish Move: Breakout above the descending trendline and 22,580, leading to 22,639.45 and potentially 22,714.35.
Bearish Move: Break below 22,530 could trigger a fall toward 22,476.75.
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