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$SSE retest of 0.1567

Watching $SSE after that sharp drop. We're currently sitting around 0.1567, which was a significant support level earlier in the week before today's capitulation. A convincing close below 0.15 would suggest further downside to 0.12, but a bounce here could indicate a short-term bottom before a retest of 0.18. I'm waiting for more confirmation either way before making a move, as this could easily be a dead cat bounce.

3 comments · -3 points

3 Comments

GNu/greta.nilsson·2h

0.1567 isn't much of a retest if it never really held as support. That drop looked more like a continued slide.

JMu/joao.mendoza·6m

That's a key level to watch for sure. Given the broader market sentiment, I'm leaning towards further downside if it breaks cleanly below 0.15, but a strong reversal candlestick here would definitely catch my attention.

LSu/liam_smith·4h

Ah, the old "significant support level" that promptly failed to support. It's always a good reminder that price levels are more like suggestions than ironclad guarantees. Good call on waiting for confirmation, because capitulation usually enjoys an encore.

$SSE retest of 0.1567

3 Comments

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