There is a possibility it might return to the daily 200 EMA good for a Long position before bouncing of 200 EMA and becoming Bearish for a Short (Upper Red arrows)
or
It might end up breaking support and retesting it for a good short. (Bottom Red Arrow)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.