Price action has broken a critical support (highlighted in green) in which price has always rallied from previously. In addition, the daily candle closed over this support confirming the break and its validation. What is to be expecting is a lot of sellers on the overhead side which could possibly lead to lots of exhaustion. If this happens and lower time frames form some sort of bearish variation or engulfing (preferably m30) after the close, entries can be placed. Stop loss can be the highest wick on the lower high on M30 or can be based off of M30's 110 percent Fib level. Personally, I like placing my stop losses above the highest wick as it gives better risk to reward ratios.