This also could be looked at as a for a possible reversal on the coin as well.
If it breaks this support line, there will likely be up to a 50% drop before it hits the next level of support around 1900 Sats . Stop-losses should be applied in case support breaks.
Conservative traders should wait for a confirmed reversal in the down trend before committing to a trade.
As always, this is pending BTC price action and if BTC makes any major drops or rallies, price action may suffer.