Title
Approaching Pullback Support

Type
Bullish Bounce

Preference:
Price is falling towards the pivot point of 26.247 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 27.290 which is a pullback resistance level. 

Alternative scenario:

If price breaks below the pivot point, it could hit the 1st support at 25.632 which is a pullback support that sits under the 50.0% Fibonacci retracement level.

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