$DERO came down to $6.90, but did not quite hit the $6.50 support zone. We can see the bulls have been holding support above the daily 21EMA (yellow line) since then.
If the bulls can hold support above the prior daily low at $7.20, then I would be looking for a move back toward the $8.15 resistance zone.
If the daily dildo closes below the prior daily low at $7.20, then I would be looking for a move down to the $6.50 support zone.
I am short and medium term bullish on $DERO as long as daily dildos are closing above $7.20.
If the bulls can hold support above the prior daily low at $7.20, then I would be looking for a move back toward the $8.15 resistance zone.
If the daily dildo closes below the prior daily low at $7.20, then I would be looking for a move down to the $6.50 support zone.
I am short and medium term bullish on $DERO as long as daily dildos are closing above $7.20.
