X - Good Support Level

X has pulled back over 25% since the February highs, but it's now in a decent support area with a promising looking falling wedge that indicates back to the highs on a break up. There's positive divergence on the 60min RSI and the immediate target within the wedge is in the 51 area:

Longer term support on this one year chart is at just over 44. Any lower than that would be a strong signal to exit and consider going short.