AMB/BTC (Fib .618 Bounce or New Higher Low?)

AMB/BTC

-the price has retraced to .618 Fib support area
-a bullish bonce reaction happened today
-this area of support is a confluence of multiple factors
-the 20MA, upward trendline plus the golden Fib .618
-I'm not saying the price will reverse back to the recent top
-this is only a good area for possible Higher Low trade entry
-provided this level will hold for the next 2-3 days of trading
-bearish scenario, if the green support line is broken with a red engulfing candle