I see two possibilities: the green one if the current price action is just a trap for sellers; the red one if the price will want to retest one more support before going up(more for position or midterm traders)
looking at the price action, seems that the top of the big upper channel was already touched on May 10th :). if the price won't go sideways for a long time, touching the bottom of the channel in the next weeks will give us 8% from here. remember: it is just a possibility; this means that the price can also rally to new highs with no correction for a long time from...
We are getting a strong rejection from the psychological level, old trendline and a new formed support; 3:1 RRR with the weak at the current 4h candle low
Big extenuation candle on 4H followed by a weak candle. having also a important support
Currently we have a big support at a psychological level. Expecting to go climb further to the marked resistance On the short term, expecting to make a higher high very soon