Falling and channels are my favorite trade setups for any asset and it shows again. The setup is as follows:
1: We spot a or channel preferibly on the or higher.
2: The price start going sideways at the bottom of the channel or . This is where you want to buy. Look for a on the on the hourly or maybe even the 15 min chart for an even better setup.
3: Set a stop-loss in case the price breaks support.
On this chart we can see 2 horizontal white lines above the current price. These are the price targets for this setup.