KWEB: Looking at the 28.50 level and potential for a bounce

Watching $KWEB here, specifically the 28.50 area. It's been a bit of a grind, and while the broader sentiment for Chinese tech remains cautious, we're seeing it test what looks like a relatively significant support level that's held a few times in the past couple of weeks. If it can find some footing around here, a short-term bounce towards 29.00-29.20 wouldn't be surprising, potentially setting up a covered call play for those looking to manage some downside risk while extracting a bit of premium. The main risk, of course, is a definitive break below 28.30 on any sustained volume, which would invalidate this thesis and likely open up a move towards the 27.50 range. It's a tricky one given the macro headwinds, so position sizing would be key if entertaining anything here.