Looking at the daily chart:
* The price is at a previous level of strong resistance.
*Price is at the 0.5 level on a fib retracement (looks like it's already bouncing)
*There's also some bullish divergence showing
* The price is at a previous level of strong resistance.
*Price is at the 0.5 level on a fib retracement (looks like it's already bouncing)
*There's also some bullish divergence showing