There is a strong chance that the price will bounce off the 0.28. Support region, 0.618 fib level and the ending of a C wave coming down, this wave 2 could be seen as expanded flat correction. I only enter a position based on price action when that level is reached, let's not forget where still in a bear market.
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One more wave downNote
We got a bounce of the expected level. Now let's see if this a real reversal. We want to see higher high and a lower high. If this happens we enter the trade. Note
Only taking a position on a retracement. Considering the lack of volume it could be a wave 4 retracement and a 5th has still to come down. If we reach 0.32 with good strength the ill buy on a retracement reversal candle.
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Only entering a position if we get a reversal, if we break red line this count is invalid and switch to alternative count.Note the trend line which makes lower highs which is not a good sign
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Chart is confusing to me, we get mixed signals like higher lows and lower highs. It looks like a (descending ) triangle. Let's wait to see how this unfold. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.