Recent price action formed a Daily Pin Bar off historical horizontal support and trend line. There is also Bullish Divergence with respect price and STOCHRSI. The 50% FIB ($2.60) just above current price demonstrated it is respected as price sat on it for a bit. The confluence of horizontal and trendline support, pin bar and divergence make this trade a high probability long trade with an entry around $2.50 with observation of price action around the $3.00 area which is also the 61.8% FIB area.