$1.80 offers strong technical price support being the 61.8% fib retrace of the 4-year bull run from August 2012, also horizontal price support between the $1.75 low and $1.815 close of the week end 17 Oct 2014. Below that is $1.35 ish which is also around the 78.6% fib retrace and Sept 2013 horizontal price support.
As has been mentioned, on a capital basis the SP has been in a confirmed down trend (weekly basis) since mid April 2016, so buying into the down trend defies technical analysis logic, albeit there are other many other factors in play as people here are happy to share.