Generally, the direction is a downtrend
Downtrend Side: As previously mentioned, the price has broken through the support level and stabilized below it. Our next step in the bearish trend will focus on the support at 19,990 to further confirm the downward movement. Subsequently, trading is expected to continue below 19,990, targeting the levels of 19,800 and 19,665.
Uptrend Side: If the price reverses and ascends toward 20,200, surpassing this level would indicate a potential uptrend toward 20,335, especially if a 4-hour candle closes above 20,200. A 4-hour candle close above a resistance level is often considered a strong confirmation of a bullish trend, as it reflects sustained buying pressure over a significant period.
Correction: The price may rise to touch 20,100, and then the decline will start.Tendency Keys: 19,990
