176 is the support level and 216 is now the resistance level.
And now we are at 198, in between which suggest not a good idea to long or short.
Wait for the price to break above 216 or let it break above the triangle pattern (orange) first before going long.
Nota
Ok, it has broken out and is now retesting the resistance level. wait for it to break out , sustain with a few candles as confirmation before initiating a long.
Nota
nice, it is now facing a important area , the bearish trend line. It has to break out to continue the bullish move. So wait for it if you are not in yet, don't chase the high price.
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