AI

AI has found its self at the lower support of the trend. 20.42. Starting o look like a flat bottom support. This is a bearish setup. We were long a while back and we took profits in the 32s but Ai has now shown a breakout and bearish fakeout. Back at the same support. Bulls are buying this support up but in my veiw it’s on the verge of a large breakdown.


For me I’m shortinf at 21 put. Loading up any pop to 20.66 area.

This trade will be taken down towards 18.50 area where I’ll take some profits overall tarhet is 10$ but there will be bounces.

I’m looking for a break to 18$ is next week or so. Mabey today. Looking for a bounce there back to retest 20.42 where if that happens and we reject again I’ll re add at that rejextion and bring it lower.

It’s considlating at the low now looking to breakdown here in my opinion. Be ready it is a Friday so it may not happen today but I am very short