Not a terrible place to place a bet.

I see that we have held support, and were going back for a retest. I don't know how close we get, but if it touched into the baby blue box below, I think that's a great risk reward for a long position.

China is beaten down, fudded, this very well could be the bottom.

If it goes lower than the support, you probably want nothing to do with it till we see it above once again.