Someone with technical knowledge would understand this chart, so let me lay it out for newbies. A possible rising wedge has formed and the measured move goes down to 12k. If you want tight stop losses I'd suggest you place them just below the bottom wedge line, It would be smart as the cloud support is also at the exact same place so a break below it could mean a fall to .38 fib or the bottom of the cloud as flat line is also a price magnet. Now if you want loose stop losses place it below .38 level as a further break would cause it to go down to .5 level or even complete the measured move of the rising wedge which by the way is supported by low volume too. Stay safe, Stay hungry :)
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