So my point of interest in currently that red line. If this will get broken to downside, bellow channel line will be next target/support. If also this one will get broken, there are high chances that we come back down to blue support line. Watch and , they seem to become "dangerous".
I'm not sure about shortening, especially at what level should I short it - I burnt my fingers a few times with shorting in the past. So let's wait and see what will happen.
Note that Fib extensions and entry point are from previous TA (the linked one).