Watching $BOTZ and 34.00, potential for a bounce?
asked by u/walid.saleh · 12d · 0 answers
Been looking at $BOTZ today and that 34.00 level seems interesting. It touched it earlier and bounced a little, and it's near the lower end of the day's range. Feels like there could be some support coming in there. I'm wondering if a short-term rebound play might be setting up.
However, if it decisively breaks below 33.90 and starts consolidating there, I think that invalidates any bounce idea for me. That would suggest the selling pressure is much stronger than I initially thought, and a move lower would be more likely. Just my thoughts, curious what others are seeing.