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Watching $UST around 41.20 support
Been keeping an eye on $UST. It looks to be holding around the 41.20-41.25 area today, which has been a pretty consistent support level on the hourly chart this past week. If it breaks decisively below 41.00, I'd consider that a significant invalidation of this current bounce attempt, opening up potential for a retest of lower lows from earlier in the month. For now, it's a critical zone to observe.
1 comments · 5 points
Interesting point about the 41.00 level being a clear invalidation. What are your thoughts on the volume supporting this bounce? Is it strong enough to give confidence?