It remains to be seen if it can break above the downtrend line and rise above the 58968.31 point.
In particular, you need to make sure you can get support above the previous high of the 1M chart, at 58352.80.
If it falls, we need to make sure it is supported at 57412.35.
If you fall in the 558811.30 section, you will need a short stop loss.
However, you need to trade carefully as you can go up by touching the 48199.13-50736.52 section or the uptrend line (5).
If it declines at 48199.13, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you may touch the uptrend line and rebound.
In particular, you need to make sure you can get support above the previous high of the 1M chart, at 58352.80.
If it falls, we need to make sure it is supported at 57412.35.
If you fall in the 558811.30 section, you will need a short stop loss.
However, you need to trade carefully as you can go up by touching the 48199.13-50736.52 section or the uptrend line (5).
If it declines at 48199.13, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you may touch the uptrend line and rebound.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/