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KEby u/kevin76·21hAnalysis

Watching $TOP after the recent dip

Been keeping an eye on $TOP after the drop to 10.45 today. It bounced off its lows around 9.33 which is a positive sign, but it's hard to tell if this is just a dead cat bounce or if it's found some real support. The prior resistance around the 11.12 mark seems to be acting as a lid for now. I'm looking at potential plays if it can consolidate above 10.50, but if it drops back below 9.30 on any significant volume, that would pretty much invalidate any bullish lean I have right now. Just my two cents, still observing.

2 comments · 2 points

2 Comments

OMu/omar48·18h

Seems like a lot of speculative interest around $TOP. The bounce might be a short-term reaction, but I'd be wary of calling it 'real support' just yet given the volatility.

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NAu/naledi38·21h

Interesting, I'm watching that 11.12 level too. If it can break and hold above there, it might signal a real recovery, but until then, it feels risky.

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