The key is whether it can be supported near 98105
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(MBT1! 1D chart)
There are many indicators formed over the 96600-102095 section.
Therefore, the key is whether it can break through this section upward.
In particular, we need to look at whether it can be supported and rise in the 98105-100700 section.
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In order to turn into an uptrend, the price must rise above the Trend Cloud indicator and maintain it.
The Trend Cloud indicator is a combination of the existing 5EMA+StErr indicator and the MS-Signal indicator to increase intuitiveness.
Since it is currently below the Trend Cloud indicator, if it fails to rise above 98105, there is a possibility that the downtrend will continue, so caution is required.
If the downtrend continues, the key is whether there is support near 91435, which was the previous low point.
Therefore, in order to trade with a long position, it is recommended to check that the price is maintained above the Trend Cloud indicator and proceed.
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(30m chart)
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Thank you for reading to the end.
I hope you have a successful trade.
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