Is it the right time to enter now?
Short answer: Do not enter directly now; wait for the retest of the new support.
Timing analysis for entry:
1. The breakout occurred strongly, reaching a temporary peak at 90,942.15, and there is a high probability of a slight correction or "retest" of the new support at 89,900 - 90,000.
2. The ideal entry is after a slight decline and confirmation that the support holds (bullish reversal candle + good trading volume).
3. Safe entry: If the price returns to 89,900 - 90,000 and confirms above it with a strong candle (e.g., a 4-hour candle), this is the perfect time to enter.
Proposed entry and exit points:
Entry area: Between 89,900 and 90,100 (after confirmation)
First target: 91,500
Second target: 92,000
Stop loss: Below 89,500 (a 4-hour candle closes below it)
Is there an opportunity now?
Currently, after this strong rise, entering directly is a risk because:
The market may be in an "overbought" state.
There may be a temporary profit-taking.
Summary:
Wait for the retest of support 89,900 → If it holds, enter.
If it breaks down, stay away temporarily.