Sorry for posting this idea late, we took this one already, still a good point to enter!
Channel seems valid, but why did it fall before the top of the channel was hit?...
Looks like a bullflag to me, the horizontal support is holding for the third time. This time there is a nice bullish divergence in the RSI to see. Shorting this makes no sense to me at least the first target is 49. Further details are in the chart. Remember I post when HOT, this chart is posted HOT.
Those who called my risky trade risky which I was aware of, that is what happens when you post charts when they are HOT. And now look at the weekly candle. Is that a rejection wick or what? Just let it fall out of its channel ^_^..... At least it will test the channel! See below, there is a lot of room down there...