$RKLB sitting right on support around $48 — that's where the volume stacked up. Still trapped inside the downward channel, so structure matters here.
What you're watching: Does it hold this support zone and start building a base, or does it crack and retest lower? The channel keeps price contained until something breaks.
Support at $48 is your line. If it holds and you see accumulation, that's your first sign of strength. If it loses $48 on volume, the channel likely extends lower.
Channel resistance above will cap rallies until price proves it can break out and hold. Until then, trade the range — support to resistance, clean structure.
Invalidation is simple: a breakdown below $48 with follow-through means the downtrend continues. A breakout above channel resistance with confirmation flips the script.
Read the structure, respect the levels, wait for confirmation.
What you're watching: Does it hold this support zone and start building a base, or does it crack and retest lower? The channel keeps price contained until something breaks.
Support at $48 is your line. If it holds and you see accumulation, that's your first sign of strength. If it loses $48 on volume, the channel likely extends lower.
Channel resistance above will cap rallies until price proves it can break out and hold. Until then, trade the range — support to resistance, clean structure.
Invalidation is simple: a breakdown below $48 with follow-through means the downtrend continues. A breakout above channel resistance with confirmation flips the script.
Read the structure, respect the levels, wait for confirmation.