We are in the daily time frame. The price has hit the support zone and was supported two times. Now the price is moving up to the resistance zone. The price needs to break the confluence of the resistances to go up but it is possible for the price to have another falling after hitting this area or even reverse set-back from the area. The price is also inside a triangle and if the first support zone is lost, it can move down to the next which would be a good buying area. If the resistance zone is broken, it will move to the next resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Would it be appropriate to take a long position at this time?
MarsSignals
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@rahmatalisafi90, Sorry for the late response. But you need to wait for the price to stabilize above or below our lines and then enter the trade. Follow our next ideas and we try to give you what you want.