If you're expecting a drop to $17.97 then that would imply the $22.20 area from 2017 would now be acting as resistance well before the $25.46 area you noted on your chart. A well known rule that I like to follow when trading is, "broken support becomes future resistance". Its in the first line of this article. https://www.investopedia.com/articles/trading/06/supportresistancereversal.asp . I think a more likely scenario is that the support from 2017 holds, and we see a reversal here. But only time will tell. Thanks for the idea.
I called the drop and posted my puts weeks ago on my Patreon. To buy the bounce wait for a stoch crossover or for a weekly bar to open and close within the lower Bollinger without dropping below. But beware an overall bearish market may keep any significant bounce from happening.