Greetings,
In the scenario that the price does not lose the blue box ($57), I expect it to go to the supply zone at $65+ as the first target.
If it can cross the supply zone, the upper resistance levels can be targeted.
In a scenario where the price loses the blue box, the other area I would look for support would be around the green box ($50).
In the scenario that the price does not lose the blue box ($57), I expect it to go to the supply zone at $65+ as the first target.
If it can cross the supply zone, the upper resistance levels can be targeted.
In a scenario where the price loses the blue box, the other area I would look for support would be around the green box ($50).
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You may hold it as long as it protects the blue box. You may move your stop-loss level to entry-level.