The market itself is in an upward trend, and the price has pulled back to the support area, so there is a possibility of rebounding and breaking down.
At this time, two plans need to be made, waiting for the price to close in the support area to decide.
If a green candlestick closes, then it is time to rebound, with the expectation of rising again to the 99300 area. In this case, one cannot think about going short.
If it breaks down and a red candlestick closes, then it is time to short. A more cautious approach would be to wait for a rebound after the breakdown for a short opportunity. In this case, one cannot think about going long.
The price being in the support and resistance areas inherently has two possibilities. However, once it breaks out, there is likely to be only one possibility.
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