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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.