EOSUSDT on the chart you can see how the price twice tried to break the price channel upwards, but the second impulse only updated the local maximum and then made a false break.
After the surge on the "Pumps" (in fact, a kind of shake-up), the price sells off heavily and goes down to the level of 1.410, the price breaks it and forms a consolidation in the short zone.
I assume that if the price can consolidate in the short zone under this level, then we have the potential for the price to fall. The short-term target is the support of 1.27, the medium-term target is the liquidity zone of 1.155
@RLinda, this one is difficult. your analyse seems wright, but on the other hand... do you think a lot of sellers are still present to push the price down? i truely believe they already sold and price will no longer go down but only up.