We have a trendline, and if it breaks, the price could move in a parabolic manner. 

A breakout above 88,520 is a trigger for a long position, but if there’s a reaction before the breakout (allowing for a tighter stop-loss), you can place a stop-buy order(1)

If the move turns out to be a fake breakout, even back to the trendline, close the long position(2)

The short scenario remains unchanged(3)

We consider these scenarios to know what actions to take and to be prepared in advance.

Scenario three played out, with key levels already identified in previous posts. ✅📉

The first position hit the Stop-Loss due to a fake breakout of support, after which the price became highly volatile. Given this, I waited for 86,350 to break. Once the breakout was confirmed and followed by a pullback to this level with volume validation, a short position was opened.

Graphic Designer👁️, Evolving trader📈

𝒆𝒗𝒆𝒓𝒚𝒕𝒉𝒊𝒏𝒈 𝒚𝒐𝒖 𝒅𝒐 𝒄𝒐𝒎𝒆𝒔 𝒃𝒂𝒄𝒌 𝒕𝒐 𝒚𝒐𝒖

Final target is 80,500, but I’ve already secured a huge profit around 82,000.

This was very useful content, my friend. Thank you. Please continue to post this content.

The price has reacted twice to the current support level and is now breaking the descending trendline.