But the question is => Which way is it going to break?
Scenario 1: Reversal
In this case, we will need a momentum Daily candle close above the 41k to confirm it, then we will be looking for buy setups on its retest.
Scenario 2: Continuation
In this case, we will need a momentum Daily candle close below the 27k , then we will be waiting for it to approach the 20k to look for buy setups.
Which Scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!