A secondary downtrend forming a wedge is developing. But, it should be noted that volatility has decreased significantly, but there is no significant volume of buyers yet.

We work with a breakdown (rollback, breakdown) of the wedge resistance (important, high volume of the buyer) or with a stop loss at the current moment before the breakdown (risk).

It is worth noting that during previous resets before a trend reversal, the price fell 2 times to breakdown in the $1.3-1.6 area. In that case we can use stop with buy orders (not close to stop loss), in case of a similar scenario (not necessarily).

Here you can see what I described above. Just keep this in mind in your work.