As previously analyzed, the major resistance (thickness of the cloud body) above is about to be reduced to an all-trend low, forming an all-trend-high probability of the price going up and penetrating the cloud. From the current day-level chart it is also clear that the conversion line (blue) has been a strong primary support during the past 10+ days, preventing the price from dropping to a lower low. Considering the still-abundant space between current price level and the lower side of the cloud, it is safer to assume that the probability a major upward trend is higher than the other direction, albeit the overall triangle consolidation pattern (also marked on my chart above).
I have placed my long position orders at several price points from $6551 downwards, and placed my stop-loss at $6381 (could be moved further down to around $6301 as I am also concerned of a potential trap before the begin of the overall upwards trend), generating a relatively healthy risk/reward ratio of around 2.4.
As marked on the chart, the target of the 1st-stage upward attack is the bottom of the cloud ($6900~$7000), once that target is reached, we will then discuss the 2 possibilities of the 2nd-stage direction.