Bullish Strategy (higher probability):
Entry Price (long): $96,300 (after confirmed breakout of resistance at $96,250).
Stop Loss (SL): $94,800 (below the key support).
Take Profit (TP):
TP1: $97,000 (first nearby target).
TP2: $98,000 (second more ambitious target).
TP3: $99,500 (maximum target in case of strong momentum).
Bearish Strategy (alternative):
Entry Price (short): $94,800 (if the price fails to stay above $95,000 and loses support).
Stop Loss (SL): $96,300 (above the key resistance).
Take Profit (TP):
TP1: $94,000 (nearby support zone).
TP2: $93,000 (lower support).
Risk-Reward Ratio:
Bullish strategy:
Risk: $15 (SL at $94,800).
Expected profit: $7 (TP1), $17 (TP2), $32 (TP3).
Profit-Risk Ratio: up to 2.13:1.
Bearish strategy:
Similar profit-risk ratio depending on the target reached.
Estimated probabilities:
Rise: 60%-65% (due to bullish structure and moving averages).
Drop: 35%-40% (if the breakout fails and selling pressure enters).
Note: Confirm the direction of the movement.
with volume and price action before entering.