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Looking at BOTZ resistance around 36.70
Been watching $BOTZ pretty closely the last few days, and it's interesting to see it bumping up against that 36.70 level again. It feels like a pretty key area of resistance that it's struggled to break through consistently. We saw a decent move up today, hitting 36.7002, but it just couldn't quite hold above it for long.
My take is that a sustained close above that 36.70-36.75 zone would be a pretty bullish signal, potentially opening up a path to higher levels. However, if it continues to reject from there and we see a move back down towards the 36.25 area, that would definitely invalidate the immediate upward momentum I'm seeing. Could be a nice spot to gauge conviction here.
1 comments · 1 points
That's a really interesting observation about BOTZ. I'm curious, when you say "struggled to break through consistently," are you looking at the daily close, or intraday highs that fail to hold? What timeframes do you usually watch for these kinds of resistance levels?