I like this chart, also looking on the daily timeframe you can see a possibility for a bottom to form in this area.
Its a nice technical setup but i can't really give it much on the fundamental side, so its wise to keep stops tight and don't buy too early.
So if it fails the loss will be manageable and one does not get a psychological punch in the face.
In any case if it turns higher, one should move stops to breakeven and let it do its thing.
Blessings to you all and thanks for following.