here’s the setup on Lucid (LCID). The stock had a nice pop after the Morgan Stanley upgrade, but let’s be real—it’s still bleeding cash with no real turnaround yet.
📉 Why I’m Looking to Short:
LCID ran into resistance (check the chart) and failed to break through.
If it drops below support, we could see a solid move down.
The company is still burning money, and the hype from the upgrade might fade fast.
💰 Trade Plan:
Short entry: If LCID breaks below support (marked on the chart).
Target 1: First key support level.
Target 2: Deeper move if selling pressure increases.
Stop loss: Above recent highs (just in case it rips).
⚠️ Risk Factors:
If LCID holds support, we could see a short squeeze.
Saudi backing & AI hype might keep it from fully breaking down.
📉 Why I’m Looking to Short:
LCID ran into resistance (check the chart) and failed to break through.
If it drops below support, we could see a solid move down.
The company is still burning money, and the hype from the upgrade might fade fast.
💰 Trade Plan:
Short entry: If LCID breaks below support (marked on the chart).
Target 1: First key support level.
Target 2: Deeper move if selling pressure increases.
Stop loss: Above recent highs (just in case it rips).
⚠️ Risk Factors:
If LCID holds support, we could see a short squeeze.
Saudi backing & AI hype might keep it from fully breaking down.
Trade active
Note
Price held support and bounced back above the trendline.The breakdown I was watching didn’t trigger, and bulls stepped in around $2.40.
What's next?
Still under key resistance ($2.60), but the structure looks stronger now.
🧭 New Plan:
Watching $2.60–2.65 — breakout above that = possible trend shift
Staying cautious until either:
Breakdown confirms 💀
Breakout clears the zone 📈
Risk still high, but bias flipped to neutral/bullish (for now)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.