Currently, there is no support for a rally in the price of the stock.
The price has collapsed below the double-top level of 25,800
(with a short-term low around 25,400).
Simultaneously, significant trading volume has occurred on timeframes of 1 hour or more. Additionally, a significant lower wick is appearing on timeframes of 1 hour or more.
Therefore, considering the current wave that has breached the low point as a bear trap,
I am executing a buy order.
The price range for buying is set from the current support level, which was previously the February high and a significant resistance level on the higher timeframe(now acting as support), at 25,200, to the current breached double-top level at 25,800.
So it is recommended to observe whether the current low at 25,400 further breaches.
If it does, execute the buy order.
Furthermore, in the event of additional price deviation beyond the set range, it is important to consider the potential further price decline towards the corresponding trend on a logarithmic scale.
Therefore, it is strongly recommended to adhere to the Stop Loss (SL) to manage the risk.
(25,200)
For additional chart images related to my ideas and comments, you may refer to my Korean ideas.