This looks like a TRUNCATED WAVE 5. We break it down to look for support.
The 2-HOUR chart shows us this level is MASSIVE. If this breaks down, the downside is BIG
There seems to be GOOD risk reward to BUY with a tight stop. A break will cause a BIG sell-off, so be VERY DISCIPLINED if you are thinking about it. WE ARE FLAT, NO POSITION.