Just woke up and checked. It retested around 638 and recovered, which is in line with expectations for the pullback. All that’s left is to see tonight whether the overnight candle does anything unusual. 653–659 remains the nearest resistance zone. But as long as the candle doesn’t close below 638, things are still okay, and we can keep watching for a recovery.

After a drop like this, a recovery will take some time.

If you missed the wick this morning or didn’t dare get in on the afternoon retest, that’s fine. If price manages to move sideways and then grind higher, there will be another pullback—and there’s definitely going to be one. You can wait for the 4-hour chart to form a second higher low, or wait for the daily chart to develop a bottoming pattern before entering on the right side of the move.

If there’s another pullback, keep an eye on 648 and 644. In a normal bullish pattern, the lows should gradually move higher—that’s what a healthy move looks like. If price goes back to test around 638, that would be a less favorable pattern.