$ETH/USDT 45m (Binance Futures) Ascending channel break & retest

If you missed the buy back opportunity for Ethereum, don't FOMO now, I believe this is a deadcat bounce and we will go lower.
This would be my set-up if we pull back to parallel channel again!

Current Price= 1240.22
Sell Entry= 1259.70 - 1281.90
Take Profit= 1132.03
Stop Loss= 1317.04

Risk/Reward= 1:3
Expected Profit= +32.76%
Possible Loss= -10.92%

Fib. Retracement= -0.272
Margin Leverage= 3x
Estimated Gain-time= 120h