We are in the 4-hour time frame. The price has had a bearish trend and the S1 has been a support line. There are two resistance lines R1 and R2 on the way of the price up. It is possible for the price to move down close to the S1 line and then go up. Or it is also likely for the price to go up straight from here. You can divide your money and buy half of it here and the other half at the S1 line. Also remember to put in the Stop Loss. If R1 is broken, R2 would be the next target.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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