Part 2/6:
The support trend line indicates a level where the price tends to bounce back after falling, while the resistance trend line signals the upper limit of price movement. Observing the candles' movements, it is noted that they have been fluctuating within this defined channel.
An upward breakout from this channel could potentially launch the price towards higher target levels. The previous fall indicates further movement towards the support level, where the trading strategy suggests that traders could consider entering a position.