If we lose this support, things will most likely get ugly.

Areas, where fear is tested, are common in price dumps with great recoveries. Most of the boundaries get tested. If in doubt – zoom out. Stay realistic, protect your capital – if you’re new learn basics.
The most important in making money is not losing it in the first place – use the tools available, be patient, know your limits and weaknesses.

Long if above, Short if below.