Daily chart. with monthly cam pivots. So long as it can bounce off of or hold above the monthly L3. It might be a good entry position after some long consolidation.
It is worth noting that the weekly stop loss level for those wanting a stop loss (aka level L4) is around 4.28. For those who want to run a tighter risk reward trade
Also a wide cpr and untested monthly pivot shows hints of a higher possibility that the price may range instead of simply tank from here