The price had bounced from monthly support MS1 last year and went up till monthly resistance MR1. From there it has been on decline since march 2024. Now the price has approached monthly support MS1 again. This facilitates the bounce of the price from this support. That means it is likely that the price will reverse from here and will start its upward journey...
A buy at the light blue line Bounce to D Zoom in on point C to place a stoploss when you place a buy order
The chart says it all. These breakouts of the descending triangle are happening all over just now and are great indicators for big moves upwards,