Few interesting technical tools at work here, first where it failed was 50% retracement of previous downmove shown on the chart in the middle, and could it be coincidence that it is also where 38.2% retracement level of the monthly chart on the right, covering years of trading. Notice it is also in the vicinity of channel trendline shown on the chart in the middle. Then, there is pretty obvious positive divergence on the 5min chart, where there is also support trendline. Sellers tried hours attempting to break lower, which did take the price down but built the positive divergence and bounced.
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