Your reasoning and conclusions make sense. So what to do is watch closely if the line will be breached. Your timely warning makes critical wisdom.

This line has been hit 4x as shown by the blue arrows. Each time a resistance is hit, it weakens; the same for any support. There is likelihood that this white line can be breached. IF so, the the upper blue line would be the next resistance.

@haejin Thank you for this wise counsel.