o read a chart effectively, follow these steps:
Choose a Timeframe: Select the timeframe that suits your trading or analysis goals. Common timeframes include minutes (e.g., 5 minutes, 15 minutes), hours (e.g., 1 hour, 4 hours), days (e.g., 1 day, 1 week), or months (e.g., 1 month, 3 months).
Understand Candlesticks: Candlesticks represent price movements within...
It has created a resistance on a big time frame and trying to move one side whichever side it gives breakout can go long.
If you go in detail it has created cup pattern just waiting for handle pattern of it completes can go long till 32000 and more
The more time it spend the strong will be the breakout.
It's my personal view do research and trade accordingly.
The mo