UNI/USD - bouncing off the 50 1H EMA - crucial point

The price action has bounced for uni/usd has bounced off the "50 EMA - 1H" repeatedly during its recent price rise. It has just hit it again. It could bounce upwards for new highs (possibly following brief consolidation along the EMA), or break through downwards to another support.

Potential to go long, with stop just below the EMA, benefefit from the return to ATH if it bounces and stop the loss if it breaks through downwards.