The chart is saying get out, has been for some time
It's a brave bobby that buys a confirmed downtrend, this trusty weekly chart said "get out" the week ending July 15 and confirmed quickly afterwards, week ending July 22nd.
But it's been a heck of a good run prior so understandable that some (many?) will be sitting on big capital profits, reluctant to cut paper gains. The bounce failed three times (weekly basis) at the rising trend line support (now resistance). Todays fail at $10 support is a bad look. The indicators (not shown) are all over-sold already, but that's no guarantee of a turnaround, moreso the seller/buyer tension in the market.
Tight stops for the brave, save them from becoming the foolhardy. It could easily go lower on current sentiment, be nimble, next buyer support is about $8.23. Have a plan either way, just in case it bounces here.
Attachment 8249
Jmo, a TA perspective.