Overall trend is down. If goes down, then it will support near 430 area. Since there was a huge volume when it reached the support of 430 last time, this time its gonna be difficult. SHORT if the next candle is red with huge volume.
Comment:
Even though the overall trend is down, it will be better to EXIT the position if the next price movement is upward. HOLD if the next price movement is downwards with high volume.