Looking at the 60m chart, I can see a falling wedge has formed that has the potential to kick start a reversal. As always, we'll want to see an increase in volume to confirm any breakout. If I had to guess, I'd say that any decline from the current price would likely only go as low as 6.6-6.7k where support has been confirmed, but you can see the peak of the wedge does go lower.
** This is not advice in any way. **
** This is not advice in any way. **