however, it is now now approaching the lower blue trendline acting as non-horizontal support and oversold area.
Moreover, the green area is a demand and support zone. So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand zone in green and the blue trendline.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management.