Bitbay: Broken Minor Resistance

Someone suggested I make an analysis on Bitbay and here it is. Looking at Bitbay, it seems to be going soon and this is my current setup for it. The risk reward is great with at 1:2 as the minimum. If this trade fail, we will look to enter at a lower price. Based on the price action, it seems to become a bit positive for the upside. Let me know what you think.

Thank you.