It's a very nice setup buy or sell it will depend on the future price action.
When to buy -
If the breakout is on the upper side.
When to sell -
On the price breakout of the counter trendline.
ZOOM IN FOR A BETTER UNDERSTANDING.
A very nice accumulation of price.
Price is consolidating in the range marked on the chart above.
Personally, we will enter a buy swing trade if the breakout is an upside.
But for intraday, there is a good sell opportunity on the break of the counter trendline
Reasons to buy -
1. Overall uptrend.
2. Break of the Range
3. Wait for a pullback and retest completion
Buy only when there is a bullish reversal after the pullback is complete or the setup will become invalid.