Downward Channel

Optimal Trading Strategies Based on Key Levels
✅ Bullish Scenario: If Price Holds Above $0.30
Entry: Above $0.31 (Confirmed breakout).
Stop-Loss: Below $0.27 (Invalidation).
Target 1: $0.40 (Key resistance).
Target 2: $0.51 (ChoCh & major trend reversal point).
Risk-to-Reward (R/R): 3:1 or better.
✅ Best Confluence:

If price retests $0.30 as support after breaking above, it strengthens the long setup.
Volume confirmation is key—low volume breakout = fakeout risk.
📉 Bearish Scenario: If Price Rejects Below $0.30
Entry: Below $0.28 (Breakdown confirmation).
Stop-Loss: Above $0.32 (Invalidation).
Target 1: $0.20 (Next major support).
Target 2: $0.15 - $0.10 (Liquidity sweep area).
R/R Ratio: 2.5:1 or better.
✅ Best Confluence:

Rejection at $0.30 = Bears remain in control.
If price fails to reclaim $0.30 and breaks down, it signals continuation to lower targets.
🚀 Final Takeaway
✔ $0.30 Breakout = Early Long Signal (Targeting $0.40 - $0.51).
✔ $0.51 Breakout = Full Trend Shift Confirmation.
✔ Rejection Below $0.30 = Bearish Continuation (Targeting $0.20 - $0.10).