See you at $38 or lower?

We broke under support and the 6 month long uptrend line yesterday. Today that old support line became the exact resistance line that we could not break. We're going down down down, should expect a bounce at $38 as it's right above the next fib level which I have at 0.382(not on this chart). We hit $33 on the last drop but was quickly brought back. I believe $38 will be the $33 of the last dip.

IF we get some momentum and more volume, we could test resistance again around $50, but I'm leaning move towards $38 than $50 as I believe it'll be easier to drop now then re-test.

Best wishes as you mitigate risk and capitalize profits!

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