We need to see if we can get support at 54122.5 and ascend above 55828.0.
In particular, it remains to be seen if it can rise above the uptrend line (7) and the downtrend line.
If you fall from the 54122.5-55828.0 section, you can touch the 48214.0-50752.0 section, so you need a short stop loss.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls in the 38225.0-40600.0 range, a Stop Loss is required to preserve profit and loss.
In particular, it remains to be seen if it can rise above the uptrend line (7) and the downtrend line.
If you fall from the 54122.5-55828.0 section, you can touch the 48214.0-50752.0 section, so you need a short stop loss.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls in the 38225.0-40600.0 range, a Stop Loss is required to preserve profit and loss.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/