$XBI Monthly approaching buy zone

Started XBI LEAPS position buying JAN 24 $150 Calls, will continue to add as XBI Biotech has taken a beating, but technically has just found it's way back to the long term upward trendline support zone.

First price target 120, followed by 140 after expecting a bit more downside here.

This is a long term trade idea, for those looking in the short term, there may still be more downside although the R/R favors the long position now IMO.