Chart update: We tagged resistance at $4.44 (R-1) before pulling back and closing right at S-1 support ($3.82). After the strong multi-day run from the $2.50 zone, this kind of retracement is normal... even healthy.
If we see further downside, I’m watching $3.25 (S-2), which lines up well with the reclaimed trendline that should now serve as support.
Still viewing this as digestion, not distribution. Setup’s intact, IMO. Stay tuned.
If we see further downside, I’m watching $3.25 (S-2), which lines up well with the reclaimed trendline that should now serve as support.
Still viewing this as digestion, not distribution. Setup’s intact, IMO. Stay tuned.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.