ZB1! Long [Trade quality 4/5]

We are currently in a strong monthly downtrend.
Sellers have broken through SEVERAL strong key levels.(Purple lines)
Price created supply/resistance zones on the way down & a head and shoulder pattern.

As I’m writing this price is testing key level 153”00 which has been respected as a support & resistance level since 2012!
If price sells below this key level it may blow through the first major demand zone at 149”21.
(If we see heavy selling)

I can’t be a first time buyer/zone tester while we’re in such a heavy downtrend.
That’s like jumping in front of a moving train.

The second demand zone is a way higher probability trade.
Multiple support/demand/key levels in this 139”00 - 136”00 area as well as a potential bear trap setup.
(Trendline fake breakout)

This entire thesis is dependent on selling pressure bringing us into the 139”00 area.
If price starts showing a break of the bearish structure within this zone I’ll jump on buyers team for a low risk trade.
I’d love to see VWAP get tested in this area for added confirmation.
We'll see.

*Confluence*
Demand zone
Support zone
S1
Trendline
200 ema test
Key level
(Potential) Bear trap