After a nice sell of and a breakthrough of the daily support which is now daily resistance.
Price also broke below the previous low, this is known as a a break of structure. This signals that price is no longer bullish and will continue a bearish move.
price found support at the monthly/weekly demand zone.
Here is where price formed a double bottom, which at...
We are looking for long entry above the sellers territory, every retracement would be a great opportunity for long entry.
You have more chances to succeed if you go with a trend and support from impulsive moves.
Keep it simple and use risk management!