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Thoughts on $WOLF after today's pullback
Watching $WOLF closely today after the drop. We closed at 45.68, down significantly. From a technical standpoint, that 44.00-44.50 zone from earlier this month looks like the next key area to watch if selling pressure continues. It was a prior consolidation range before the last leg up.
If we bounce there, it could signal some resilience, maybe even a retest of the 48.00 region. However, a clean break and hold below 43.90, especially on higher volume, would invalidate that idea for me. That would suggest the recent run might be overextended, and we'd be looking at a potential move towards the low 40s. It's a tricky spot here.
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