$KDA - Time for Reversal or Keep Going Down?

Kadena has had a nice run in November from around $6 all the way to around $28!
However, since its top, we have reached around 60% down from all time highs in November 11th.
Since then, it has been in a consistent downtrend.
However, at these levels, are buyers ready to step up?
We are now sitting in the lower channel on $10.45 - $13.30 range.

For Longs - Need to hold $10 support level.
Ultimately breakout of this channel and create new highs above $12.9.

For Shorts - We would like to stay under $13 resistance level
As well as Breakdown Channel under $10.25.

Let me know what you all think.

Trade closed: target reached:

$16