$ROBO has been a complete wildcard today.
I was watching that aggressive push toward 0.04150, but the rejection there was swift. It’s currently hovering around 0.04073 after finding some temporary relief at the 0.04036 level. Looking at the 15-minute chart, we’re seeing a lot of indecision with these mixed candles—every time the bulls try to build a trend, the sell-side pressure seems to step right back in to keep it suppressed.
The volume is still holding up relatively well, but we need to see a higher low form here to really feel confident about another leg up. Right now, it feels like it’s just searching for a solid floor before the next real move happens. I’m staying patient on this one; chasing in the middle of a range like this is usually how you get chopped up.
Who else is keeping an eye on ROBO? Do you think that 0.04036 support will hold, or are we heading for a deeper retest?