chart showsa complete Elliot's Wave followed by an ABC
correction. Price is moving towards the 0.786 Fibonacci line at 54,500. One should await a test on that fib line and see if it bounces or breaks. Although it's very tempting to jump in at this price, a prudent approach should be taken and await a bottom, reversal and always time entry with the help of indicators including MACD
(40 slightly oversold).
This is not an investment advice, always do your own research.