Strong support area and round number

The stock PINS declined over the days and finally came to the biggest support area which holds now EMA200 and SMA200. Both indicators are almost at the same place at the price $60. Stock holds $60 as its strong support area with EMA200 and SMA200. Keep an eye on if it holds then it can bounce back until $70 or $80. I'm going to open a long position to this stock with good risk/reward ratio!