This is WBT weekly chart. I have marked few round circle in...

This is WBT weekly chart. I have marked few round circle in orange on the below chart which was clearly strong resistance more than a year and finally broke begining of this year Jan23 with a beautiful rally to $9.00 and retrace back to $5.00 keep hovering around that zone for 6 months and then finally breaks down to $3.80. Now we are at the critical area (marked with green arrows) if we couldn't hold this area then the next target would be $2.00
But that's for sure we are in oversold zone. Stochastic RSI is below 20. It's on my watchlist for the next few weeks, If Stoch RSI cross above 20 with blue line crosses above orange I'll open a short term entry. Clearly it's not a time to sell, this is buy zone. You want to sell when Stoch RSI is above 80