We are in the daily time frame. We have the S1 line which has supported the price several times. Now the price has been rejected from the R1 line and is trading below it. We can buy it at the S1 line and when it breaks the R1 line, it can move up to the R2 zone. If it breaks the S1, then there would be more falling. You had better wait for the price to break the R1, make its pullback, and then enter the trade.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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