If price gets under 0.0295 then that'd be bearish confirmation

Scenario :
If price (and LS) in 4 hour timeframe gets under 0.0295 then that would be a confirmation of bearish trend.
If price (and LS) in 4 hour timeframe does not get under 0.0295 than further analysis to be done
If price gets under 0.0295 then next potential support would be 0.0201

Comentário:

Price has got under 0.0295 so this is a potential bearish confirmation.
Now price is at 0.0270.

Comentário:

0.0134 has been reached by the price while going downtrend.