One thing to note is that it tends to check back to $41 to $38 range after prolonged sell-offs like this. That support level has not been broken since 2021.
Judging by the extreme oversold levels in the MACD and RSI, it might be close to seller exhaustion. However, I would wait for confirmation.
If it reaches the $41 area, I’d be interested in going long with a stop around $35.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。