Guys $COHR is looking vulnerable to a breakdown here š
Entry: 303.70 - 304.50
šÆ TP1: 300.00
šÆ TP2: 295.50
Four straight bearish candles have pushed price below all short-term moving averages with elevated volume. Meanwhile, retail long positioning is heavily crowded at over 68%, making this setup ripe for a squeeze down.
A clean loss of the current 303.56 support should accelerate selling toward 300.00.
Stay sharp on this breakdown š
Entry: 303.70 - 304.50
šÆ TP1: 300.00
šÆ TP2: 295.50
Four straight bearish candles have pushed price below all short-term moving averages with elevated volume. Meanwhile, retail long positioning is heavily crowded at over 68%, making this setup ripe for a squeeze down.
A clean loss of the current 303.56 support should accelerate selling toward 300.00.
Stay sharp on this breakdown š