Potential technical rebound?

Updated
Supply is currently compressed, H4 formed a Bullish Engulfing . Might see a breakout soon.
Alternative scenario would be a triangle breakout to continue its bearish trend , making a new low.
*DYOR on fundamentals.
Trade closed: target reached
Partial TP achieved, holding the rest to the moon
*Manage your own risk*
Candlestick AnalysisSupply and DemandSupport and Resistance

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