Price formed a clear triangle. In that case, sure, is 2 variants: 1. Breaking the resistance line, retest, and going up 2. Breakout of the support line, retest and move down
Based on what is the background of the whole market now. I think it's more likely for the first option to be realized. As always, with stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade