I think you broke rule no. 1 here as this has only EVER been in a down trend...
Whilst no uptrend has existed as a hold there have been many good trades if you respect the channel...
As a bottom feeder I have caught a couple and the last was in early Jan when it did as per now and dropped slightly lower than the channel base hitting 7.3 only to run out the top to 22...
Hence happy to begin nibbling a tad over 6 and got some more yesterday at 4 and today for 3.9 and 4 so waiting now to see if can begin to scramble back up...
(20min delay)