This Zone is the strongest accumulation Zone also seen in the Volume Profile on the left, while holding the Support (green dots) it's quite safe to enter a short Term long here and wait for a good Entry on lower TF (2h- 4h). There is one Resistance Point before the Target that would be 1294.64, so this could be TP1 and TP2 the final target at 1344.25. Bullish...
Bouncing of the POC (Point of Control of the Volume Profile) - while leaving just wicks below it. Also we are having a quite nice Inside Bar hopefully follow by a strong Entry Bar to give it some momentum. (candle not finished yet - so the position sizing is not final -> update will follow) TP1 at previous resistance of 4020 and the final TP area in the upper...
A clean setup: Rejection wick on the POC with a "H" (High Volume Label) Atleast 1:2 on this trade is my guess.
The Point of Control is a good entry for a short term bounce Target might not be reached but a small profit should be there