KWEB: Thoughts on the 28.50 level and potential bounce

Been watching $KWEB pretty closely the past few sessions. It seems to be holding around the 28.50 area, which has acted as some form of support multiple times in the last month. Today's close near there, after bouncing from an intraday low of 28.45, makes me wonder if we're seeing some consolidation before a potential move higher.

My concern, and what would invalidate this idea for me, is a sustained break below 28.30. If it starts trading consistently under that, then the previous support could easily become resistance, and we might see a move towards 27 or even lower. Just curious if anyone else is seeing similar action or has other levels they're watching on KWEB.