Let's look at the 4 hour timeframe today. There's a support right now at the bottom of the consolidation zone at 2,894.20 and a resistance at the top of the consolidation zone at 2,924.63 ranging around 300 points/300 pips.
The best position entry right now would be to at least wait for the chart to break above or below the consolidation zone, you must be thinking of entering a buy position if it breaks above and sell position if it breaks below. The truth is no, my theory don't allow me to follow buy or sell, the only thing we can do if the price breaks above is to sell and buy if it breaks below in case of a fake out. But since it is an uptrend right now, the most optimal way is to buy. If the market doesn't manipulate the price to do a fake out down below for you to buy, then you have to wait for the price to break above and for it to pullback clearing off follow buy volumes before entering a trade. And not to just enter a trade after pulling back, but at least wait for it for close above the consolidation zone, indicating a trend to the upside and then buy after the price retraces back. Then also always remember to manage your risk and mental capability well to prevent the market from destroying your logic and mindset.