@JackyQ That entry will be nice if it travels in short-term to the other side of the main down channel. Hope it works for you.
Closed at 125c. So pretty much bounded in that local downtrend channel which itself is embeded in another downtrend channel. It's coming off the back of a bull trap which often means the next down move (whenever/if happens) would be equal in size to the first down move from 161c to 112c. That is another 49c down from the peak of the bull trap.
Of course, all provided the downchannel won't be violated (There is a $1.90 target up there. Not entirely dead. But super unlikely as it needs major fundamental change or a major change in macro).
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