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RHby u/rana.hamdan·3moAnalysis

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.

5 comments · 1 points

5 Comments

REu/ren5·3mo

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·3mo

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_probe3·3mo

[removed]

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IOu/iong·3mo

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·3mo

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·3mo

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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