Channel/Trendline break up - Is a short-term retrace in place?

Reasons:

- Bearish channel/trendline is breaking. Although, it needs more time to be confirmed and a pullback is always probable.
- There is a mild divergence between RSI and price, which needs to be confirmed
- Price is crossing up EMA 20

Stop is large for a short-term position. Adjust the capital in respect

* This is only how we interpret the market