DEC/USD, Time To Buy The Dip? (TA)

Ok, fundamentals first. DEC supply issued decreased a lot with the expectation of getting it back to a soft peg target of 1000 DEC = 1U$ (0.001 each) , now only been distributed through diesel pools, while there are utilities as pack sales, card market for buyings/rents and anything that arises or others burn mechanisms.

After that constant dilution through rewards distributions, looks like we can see a floor trading range going for 3-4 months after the change to the new meta. Currently trading at 0.000625. The range price between 0.0005 and 0.00085, but as we saw last year it went way above the peg to 0.016 ath, which is 1.600% over.

Technical analysis/astrology - We can see a simetrical triangle figure pattern in the consolidation and a descending triangle in the RSI indicator, which shows the trend strenght, so I expect to whatever side we see the breakout in the mommentum indicator to show the trend direction. We can also see decreasing volume in the tape reading, not much info yet about it.

So, there are two scenarios, one as I drew above we see a normal breakout in the price action to the upside (preferable with volume), get retested in the zone and then keeps uptrending. This trading range pattern can last until december, but an outcome probably on next month (nov).

The second scenario I see is related to the macro overview, we see the S&p in a downtrend due to the fed hikings on interests seeking deflation, Im not getting in this topic, but looks like there is a correlation with the crypto market, so we can see a false breakout to the downside in the DEC as an indexation from all that, but then I expect it to return and resume an uptrend again, thats it.

Update:

We actually saw a breakout to the downside unrelated to macro moves, but with low volume and lots of divergences during the whole movement, what indicates to be a false breakout, and in relation to higher time frames it looks like there is few space for correction, though when we talk about percentages can be a big movement in relation to currently price. So my expectation was already invalidated for short term, which I don't mind. And thats also why some other factors are important like sizing and risk management besides only entry price, but I wouldn't advise people to trade high volatility assets. Since I approach this as investment perspective. Its just TA.