Reason for the trading strategy (technically):
Price is now testing major support at 0.7283 ( , horizontal swing low support) and only a break of this level would trigger a move to 0.7188 support ( , horizontal pullback support).
It is worth noting that we can see price break out of our triggering a exit. Confirmation of the drop requires price to close below 0.7283.
(34) sees a exit of our long term ascending support-turned-resistance line and also a break below our 51% support signalling a big drop from here.