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Watching for a $KWEB bounce off 28.50, but it's getting dicey.
Not going to lie, I've been eyeing $KWEB at this 28.50 area as a potential bounce zone, considering the daily range is down to 28.51. However, if we get a decisive close below 28.50, my whole thesis goes out the window faster than a retail trader's profits on a margin call.
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Yeah, that 28.50 level for KWEB feels pretty critical. Are you just watching for the close, or would a sustained move below that during the day also trigger your exit?