✴️ Potential support and resistance areas on the 4-hour timeframe:
Strong Resistance:
103800 - 104000
This is an area that the price has tried to break several times and failed, so it is unlikely to surpass it easily without strong momentum.Current price area:
Around 102800 approximately.Closest strong support:
101500 - 101700
This is considered a logical target if the price continues to decline, and the price may bounce back from it later.Distant target (medium-term conservative target):
100500 – 100000
This is an important psychological area and could be an enticing target if the downward trend continues.