ACHR is setting up for a potential bounce based on multiple confluences:
Watching closely 👀
And remember: respect both your stop loss and position sizing.
- Price is heading straight into a fair value gap that was never tested — could be a solid bounce spot;
- Daily RSI is oversold (~32), often a sign the move down is stretched;
- It’s also right on top of a rising trendline that has held for almost a year;
- Volume is drying up, which might mean sellers are losing steam;
- 🎯 First target: $10.91
- 🏁 Final target: $12.00
- ❌ Stop-loss: just under the FVG zone, in case it breaks down.
Watching closely 👀
And remember: respect both your stop loss and position sizing.
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