Price is trading inside a descending channel, confirming a short-term downtrend.
Lower highs and lower lows are still intact.
The trend-following indicator is showing SHORT, which supports bearish momentum.

Key Levels

Resistance / Sell Zone: 62,900 – 63,070
Stop Loss: Above 63,070
Primary Target: 61,218
If 61,218 breaks with strong momentum, the next downside area could be around 60,600–60,000.

Trading Plan

Bias: Sell on rallies (preferred).
Avoid chasing shorts after a large bearish candle; wait for a pullback into resistance for a better risk-to-reward entry.
A sustained break and close above 63,070 would weaken the bearish setup and could signal a move toward 63,400–63,700.
SELL
Entry: 62,900–63,050
Stop Loss: 63,070
Take Profit 1: 62,000
Take Profit 2: 61,218

Confidence: 70–75% Bearish, provided price remains below 63,070.