This is how i am planning to trade this asset:
1 wait for the test of the previous resistance and turn it into support
2 switch over to a smaller timeframe (1h) and look for bullish confirmation before entry
3 use good risk management
if the market goes lower and closes below my setup would be invalid and i will have to re evaluate the market
1 wait for the test of the previous resistance and turn it into support
2 switch over to a smaller timeframe (1h) and look for bullish confirmation before entry
3 use good risk management
if the market goes lower and closes below my setup would be invalid and i will have to re evaluate the market