My validation for this potential breakout is from the indicator which portrays sentiment, from a neutral tenkan/kijun crossover within the kumo cloud. My reasoning to validate this crossover even though it is only neutral is due to the Chikou span currently being below price, which further validates my analysis. As well as this, Price has recently broken out from the kumo cloud which also shows a strong downtrend may occur in the future. (kumobreakout)
As well as my indicator, I used my Aliigator indicator which shows sentiment from its 3 moving averages pointing downwards, separately after being intertwined (consolidation)
My advice would be to wait for the SELL STOP trigger line to be met then make a sell stop with TP & SL levels for risk management.