HiveComb

Let's start by looking at the Daily Timeframe, we do see that today's candle begin the day by slowly climbing up, clearing off Sell Volumes before moving sideway down. Then start crashing down an hour ago crossing beyond the 2,900 Support, then leaving a wick there before a candle pullback to close above the 2,900 Support, which means price isn't able to successfully break the Support. But we can't confirm whether the Daily Candle will successfully break the Support because it isn't closed yet.

Since we can't confirm the Price Action on the Daily Timeframe, we'lll drop down to the 4 Hour Timeframe to check the Price Action. So, the 4 Hour Timeframe isn't able to break the 2,900 Support when it came crashing down because there was a total pullback all the way up right now and the price has already went up to touch 2 weak resistance. So now whether the price will go back up or continue crashing down after clearing Sell Volume will depends on how the 4 Hour and the Daily Candle close. Although chances are price will still go down further more it hasn't do a successful reversal yet. But since it haven't been confirm, to open an order now would be nothing more than a gamble.

• So right now, if we're looking to get a Sell Position, we should at least wait for the 4 Hour candle or the Daily Candle to close below the 2,900 Support, indicating a successful Support Break, then we'll Sell when the price retrace back up to clear Sell Volume
• But if what we need is a Buy Position, we need to at least wait til the charts have clear enough Buy Volumes/Buyers on the market before we start Buying, or at least wait for a successful and complete reversal before we start buying.

P.s. Always look for a confirmation before open an order or at least a clear Price Action to maintain a good and healthy trading mindset. :)