$ROBO Short-Term Recovery After Strong Selloff
$ROBO faced strong selling pressure after rejecting the 0.04769 resistance level, which pushed the market into a sharp downward move. The price continued forming lower highs and lower lows until buyers finally stepped in near the 0.03897 support zone.
From that support, the market has started a small recovery with buyers gradually pushing the price back toward the 0.040 region. If buyers manage to hold above the 0.039–0.040 zone, the market could attempt a move toward the 0.042 resistance level.
$ROBO faced strong selling pressure after rejecting the 0.04769 resistance level, which pushed the market into a sharp downward move. The price continued forming lower highs and lower lows until buyers finally stepped in near the 0.03897 support zone.
From that support, the market has started a small recovery with buyers gradually pushing the price back toward the 0.040 region. If buyers manage to hold above the 0.039–0.040 zone, the market could attempt a move toward the 0.042 resistance level.