ATM these kind of Daily TA setups have been my bread and butter....

ATM these kind of Daily TA setups have been my bread and butter. They offer great asymmetric risk/reward.
A very obvious technical line of support that everyone is watching and may have their stops placed under. Price is plunged under this level, the speculators dump and are soaked by the 'patient' holders (or other speculators). Then price reacts sharply to the upside, because there is a supply vacuum.

This isn't the tidiest setup I have seen, one might have expected price to recover 2.15 yesterday, but there wasn't really any demand and then we saw some supply come out at EOD when price had gone nowhere. Interestingly however this morning we have seen price probe yesterdays lows and seem to have found good support so we may see it push higher this arvo.

My assessment is that you wouldn't want a daily close below 2.06 or that might signal something more sinister. You could get a sharp quick probe below 2.06 though so you may not want a super tight stop. You'd really like to see it close above 2.15 either today or tomorrow and latest by the end of this week.

Today's action will be pretty telling.

Let me know if you would like me to post some charts to elaborate this text.