Rationale: -Price is consolidating under a diagonal trendline, in an area between 0.618 and 0.786 fib retracement of the larger move. -RSI is increasing -The broader market is showing signs of strength, so a break to the upside is more likely. -Stop should be placed below the prior swing low, and should only be triggered once a 4h candle has closed below this level.
Your risk, your reward. This is not financial advice. Happy trading.