OPUSDT inside the channel

On the chart we can see a descending falling channel. The price remains inside the channel.

If the price retests the downsloping support , it would be the entry for a long position.
The target would be at the downsloping resistance.

If the price moves higher and retests breaks the resistance , it would be the entry for a short position.
We would target the lower boundary of the channel.

Two possible scenarios are shown on the chart.

Trade attivo:

price is moving down inside the channel

Commento:

the price is respecting the downsloping resistance. downtrend in tact