Key levels to watch
While the structure is building constructively, and a decline from here isn't my first pick, it is possible that we just continue to chop. But, for now I am bullish on RDDT for the next few weeks, and I will continue to update you here as it plays out.
- Support: 108–110. This zone held on the most recent pullback and aligns with prior structure.
- Short-term target: 125–126. If price breaks and holds above this level, it suggests momentum is building.
- Overhead Resistance: 130. Clearing and holding above this level is what would turn this from a bounce into something with more swing potential.
- Upside potential: 155–166, if price can build a base above 130
While the structure is building constructively, and a decline from here isn't my first pick, it is possible that we just continue to chop. But, for now I am bullish on RDDT for the next few weeks, and I will continue to update you here as it plays out.
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