At the bottom, it is standing at a very important support/ , if broken, one can look for short sell with given targets.
If it sustains above the support, it will be a potential consolidation and one can look for buys after a strong rejection from the .
Note: For education purposes only! Do your own study before taking the trade.
Moreover, I expect the price to range b/w 550 & 600 before giving any major breakout or breakdown.
We will have to wait for a couple of days before taking the trade as for up move, we need a strong bullish 1D candle.
And if the markets remain bearish, we can see a breakdown soon.