$NBIS has an interesting candlestick here. Over 24 hours, it plunged from 191.58 to 163.66, down 12%, on fairly substantial turnover of 115.4M. Most people are focused on the drop and crying foul; I’m watching the lower wick at 163.66. It broke below 165, then quickly bounced back, with volume picking up too—a sign that buyers stepped in as panic selling hit.
$NBIS is an AI cloud company, not just a shell built on hype. Assets like this get hit harder than most when risk appetite contracts, but once they stabilize, they can rebound just as sharply. At 168.28, we’re only about two points above the low—in other words, this is the last line of defense. If it holds, the shorts who piled in around 191 will have to cover; if it doesn’t, don’t stubbornly hold on.
I’m not telling you to chase it. I’m saying don’t blindly sell at this level. With volatility like $NBIS ’s, selling at the afternoon low only to see it back at 180 by evening is a pattern I’ve seen too many times. Keep your eye on 165.
#AI
$NBIS is an AI cloud company, not just a shell built on hype. Assets like this get hit harder than most when risk appetite contracts, but once they stabilize, they can rebound just as sharply. At 168.28, we’re only about two points above the low—in other words, this is the last line of defense. If it holds, the shorts who piled in around 191 will have to cover; if it doesn’t, don’t stubbornly hold on.
I’m not telling you to chase it. I’m saying don’t blindly sell at this level. With volatility like $NBIS ’s, selling at the afternoon low only to see it back at 180 by evening is a pattern I’ve seen too many times. Keep your eye on 165.
#AI