Post
Mahrosh Fatima
$LRC tall wick into $0.009764 did not turn into sustained buying. The one-hour candles have drifted lower, and $0.008847 is the nearby line that needs to hold.
Bearish idea, derivatives only: Entry $0.00895–$0.00905 on a rejected bounce. TP1 $0.008847 | TP2 $0.008627 | TP3 $0.00845. SL $0.00921.
I wouldn’t open the short directly into support. Wait for the bounce or let this one go.
#FOMCRateCallThisWeek #AIAnxietyHitsChipStocks #SaudiOilPipelineDamaged
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