On the 1 hour chart, we can see that we have a minor black trendline defining the current downward momentum with the red 21 moving average acting as dynamic resistance. This is where we can expect the sellers to step in again if we get a pullback into the trendline to position for a drop into the 4946 support. The buyers, on the other hand, will want to see the price breaking higher to pile in and target a rally into the trendline around the 5120 level.