What timeframe do you intend to trade it ?? if you are just...

What timeframe do you intend to trade it ??

if you are just trading the bounce from the potential buying after a gap down, you probably should have gotten in late today, or tomorrow if/when today's high is taken out.

Apart from that - "price doesn't gap down like that for no reason".
And while it may (or may not) prove to be climactic, there is probably plenty of time to see what is going on, before taking a position.
Price is most likely either going to continue lower yet, or be moved sideways by the potential buying, but even if today's bar contained really serious buying, a 'V' shaped recovery is very unlikely, and least probable.
(a V shaped recovery IS possible.....but quite unlikely)

I'll have a closer look at the chart a bit later.....

cheers