Dec. 5 at 3:34 AM
$MA The trend is your friend... until it bends! 📉🛑
Major rising wedge breakdown on the 8h chart. Price has snapped the long-term support trendline and is failing to reclaim
$548. Bears are in control below this level. 🐻⏳
Key Levels: 🧱 Resistance (Stop):
$555 -
$560 (Must hold below here) 📉 Trigger: Confirmed hold <
$545 🎯 Targets:
$517 (Gap fill) ->
$500 (Psychological & 200MA zone)
Volume profile shows a thin air pocket below
$530, meaning the drop could accelerate.
#hovdid #StockMarket #Trading #Short #MA