Example of two possibilities to either Short or go Long
Updated
If the chart breaks support line (shown in blue line) it could come back to retest the line and conitnue down good for a short (shown in red arrow) or it may bounce of the support and return back to the 200 EMA (following the blue arrow) then bounce of the EMA and conitnue down towards a Short (Shown in blue Arrow).
Comment
The 200 EMA mentioned in the idea is the Daily chart's 200 EMA. The rest is for the 1 Hour.Disclaimer
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