Looking at the relationship across the timeframes, these are some of the things to take notice of:
The shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper channel.
The lower timeframes generally agree with what we are seeing on the . However the H4 is currently encountering a lot of support. A more conservative trade would be waiting for that support be broken and then retrace before entering.
A conservative level for stoploss would be above the previous lower high on the daily.
Consider taking 1:1 profits before the daily's lowest low in the downtrend. However, scope to take profits into oversold area of channel.