BABA: Will support hold?

BABA made a new low. I had this zone as the buy zone a month back, I still think it is going to do something like that blue arrow. RSI being oversold on 3 timeframes is supportive of this, but price has to find a foothold quickly, especially with it breaking that long term RSI support level.

If this support breaks, this can go down to 68, imo.

RSI MTF Pane is set to 1hr/4hr/6hr and 1D.