Will Bitcoin reach the top trend line of the channel?

BTCUSD

There is minor resistance at 5355, however, there is minor support too at level 5215 which is supporting the most and biggest bullish swing. Would this support be able to stop the price correction this coin is doing?

If we are right, the price won't be able to penetrate Fibo level 0.38 and it will bounce directly to level 0 which is located a few pips below the top channel trend.

What do you think about this trade idea?
BTCUSDFibonaccilongentryParallel ChannelSupport and Resistancetradeidea

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