$RKLBB is trading at 59.94 (-6.53%) after reaching a high of 65.09 and a low of 59.59. RSI(6) is 31.44 on the 1-hour chart and 30.44 on the 4-hour chart. The price is at a cluster of support levels: 1-hour EMA(200) at 59.21, 1-day EMA(50) at 59.51, and 4-hour Supertrend at 59.62.
Background: On November 12, Nvidia announced that Jensen Huang was stepping down as CEO. Shares fell about 7%, putting pressure on the tech sector. On November 13, BTC fell below 70,000, with market liquidations exceeding $1.4 billion. After its third-quarter report (revenue of $268 million, up 73%, and a backlog of $3.57 billion), the market is focused on a wider-than-expected loss and the delay of Neutron to 2027. Rocket Lab had planned Electron’s 100th launch (“The Mountain God Rises,” carrying an iQPS satellite) for November 14. RKLBB trades around the clock, while the underlying stock is closed on weekends.
According to Binance:
Spot: 24-hour turnover of 5,435 tokens (about $336K), net outflow of -3,198 RKLBB (about $192K). Large orders: 93 buys vs. 360 sells (-267); medium orders: 848 buys vs. 2,831 sells (-1,983). Over 5 days, large orders totaled -1,123 (about $67K). The amounts are very small.
Futures: open interest $5.03 → $4.96 million (about -1.4%). Retail long/short ratio: 1.78; top traders by positions: 2.27; by accounts: 2.37. Strong long bias, which is a risk. Funding rate: 0.00%.
1h: below EMA(21) 60.95, EMA(50) 62.03, and Supertrend 61.42.
4h: below EMA(21) 61.69; above Supertrend 59.62, EMA(50) 59.25, and EMA(200) 58.01.
1d: above EMA(21) 57.48, EMA(50) 59.51, and Supertrend 50.25; RSI(6) 55.51.
🟢 If the 59.21–59.51 cluster holds, a bounce to 60.95 is possible, followed by 61.42.
🔴 If the hourly candle closes below 59.21, there is a risk of a move to 58.01, then 57.48.
My position: waiting for 59.2 to hold
RKLBB: will 59.2 hold, or are we heading to 58?
