YOFC is down hard today, but the structure is not completely broken.



Price flushed from the 290 zone and is now holding near 250 after testing the lower range. This kind of sharp drop can often create a reaction bounce if buyers defend the 242 250 support area.

The key level to reclaim is 26 286. If YOFC moves back above this zone, today’s dump can turn into a bear trap setup.

#Get2SharesOfSKHynixAtZeroCost
#MicronOvertakesMetaInMarketValue
#PredictionMarketsHitRecordVolume
#BTCProbes60KKeySupportLevel
#USNetCapitalInflowsHitRecord884B
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-6bc62511
· 21h ago
If the range of 242-250 holds, there is indeed room for a short-term rebound, but before reclaiming 286, be cautious, after all, today's bearish candle is too fierce.
View OriginalReply0
  • Pinned