First of all, this is a technical analysis on a 15 min chart and what I noticed first is the basic market structure forming (HH, HL). Next, I identified the support range (yellow rectangle) where I suspect the new HL will be and finally I added my Fib tool that also supported my buy range at around the 78.60% level.
Confluences: - market structure - support and resistance - fib tool levels aligning with analysis