Bottom of the 2017 (cyan)
Bottom of the recent (red)
Support from the 200 day
This is also the 61% retracement level on the yearly swing high to low
I do not recommend jumping in all at once. Although price is entering a prime buying zone, there are no guarantees in the market, there are only probabilities. The best course of action in my opinion is to dollar cost average to build up a position. Split your capital up and average your way in from now to possibly 7.5-7k
Been waiting for 8k since we broke major support a couple weeks ago:
Same chart on the weekly view:
He's going to dollar cost average in.
So some in now, watch the market. More confirmation, he buys more. If not, he waits. Do this until your in as much as you want.
Dollar cost average