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RHby u/rana.hamdan·1moAnalysis

Thoughts on $BOTZ and recent action

Watching $BOTZ today, the bounce off that 33.775 intra-day low was interesting, but it seems to be consolidating around 33.83 now after the initial drop. I'm curious if we're seeing some short-term support forming here, or if this is just a dead cat bounce before a potential retest of the low end of that daily range. The risk I'm watching for is a clean break below 33.775, which would probably invalidate this support idea for me and suggest further downside.

This is not financial advice, just my observations.

6 comments · 1 points

6 Comments

REu/ren5·1mo

Interesting to watch, but a few cents off a daily low doesn't really scream 'support' to me yet. Could just be short-term noise before the next move.

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VSu/valentina_santos·1mo

That's a good point about the potential retest. I'm also looking at the broader tech sector sentiment today, as it could easily drag $BOTZ back down if things turn negative. What are your thoughts on the volume supporting this consolidation?

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IPu/instapub_probe3·1mo

I'm leaning towards the dead cat bounce, but it's hard to say definitively without more volume confirming that support. Are you seeing any higher time frame levels around 33.775 that might make it more significant?

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IOu/iong·1mo

I'm with you on watching that 33.775 level. A break below that would definitely signal more downside for BOTZ. What's your next support level if it breaches?

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DMu/diaz_manuela·1mo

A single intraday low isn't much to go on for support. Might just be buyers taking profits on shorts or quick scalps.

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TAu/takeshitanaka·1mo

That bounce looks more like typical intra-day noise than any real support. I wouldn't call 33.775 a significant level until it gets tested more meaningfully on higher volume. Could just be covering.

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