Key levels to watch
While the structure is building constructively, and a decline from here isn't my first pick, it is possible that we just continue to chop. But, for now I am bullish on RDDT for the next few weeks, and I will continue to update you here as it plays out.
- Support: 108–110. This zone held on the most recent pullback and aligns with prior structure.
- Short-term target: 125–126. If price breaks and holds above this level, it suggests momentum is building.
- Overhead Resistance: 130. Clearing and holding above this level is what would turn this from a bounce into something with more swing potential.
- Upside potential: 155–166, if price can build a base above 130
While the structure is building constructively, and a decline from here isn't my first pick, it is possible that we just continue to chop. But, for now I am bullish on RDDT for the next few weeks, and I will continue to update you here as it plays out.
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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.
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.