Stock CRUSHED 📉 Major Support Test Could Trigger Explosive Bounce

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Discover a critical trading moment unfolding in the memory chip sector that could signal a major reversal opportunity. In this video, I break down a relentless buying pressure scenario that's pushed price action into a key psychological resistance zone at the 200 level - a technical area where momentum often exhausts and reversal patterns emerge. I'm Benjamin Pool, Head Trader at Verified Investing, and I'm sharing the same technical analysis approach I use on my daily "RSI Trade of the Day" show every weekday at 8:45 AM. This analysis combines RSI momentum indicators, resistance level analysis, and trendline patterns to identify when buying pressure may be reaching unsustainable levels. In this technical breakdown, you'll learn how to identify exhaustion signals at major resistance levels, understand when relentless buying pressure could be setting up a reversal trade, and recognize the warning signs that suggest a top may be forming. Whether you're looking to take profits on existing positions or prepare for a potential short opportunity, this analysis provides the technical framework you need. The 200 level represents a significant psychological barrier, and the momentum behind this move suggests we could be witnessing a climactic push before a meaningful correction. Don't miss this critical analysis of potential reversal patterns at a major resistance zone!

#RSItrading #technicalanalysis #resistancelevels #semiconductorstocks #momentumtrading

📺 About the Show:
Trading with RSI (Relative Strength Index) is a powerful tool that not enough day traders and swing traders utilize. Join Verified Investing's Head Trader Benjamin Pool for RSI Trade of the Day as he shows you how to get the most out of this key indicator for your trades. Each weekday at 8:45 am ET Ben walks through his best Trade of the Day during the premarket, using RSI as his guide. Each episode, Ben will recap how the previous day's trade performed and provide his next daily trade setup prior to the market open.

🔗 About Benjamin Pool: https://verifiedinvesting.com/pages/profiles/benjamin-pool
📘 Show Details: https://verifiedinvesting.com/pages/show/rsi-trade-of-the-day
🌐 Visit Verified Investing: https://verifiedinvesting.com/

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