Bounce off blue line could indicate good long play to 14

lower blue line has been support on multiple occasions; its the weekly chart support line;

Overall, we're in a downward wedge; it is not being squeezed, so i do expect the price to continue to go down; but you can catch it going up first before it continues to move even lower;

Price target for me is 14

But absolutely wait for the bounce first; even after the bounce; your sell point should still revolve around the blue line;

Trade closed: stop reached:

Looks like it broke the channel; this is most likely going to continue to head down now; unchartted territory; so we don't really know how low it will go.