SMCI at a Critical Support: Will Buyers Return?
In the daily time frame, SMCI is approaching a key support zone, highlighted in green. This area previously acted as strong resistance, with several attempts to break above it. Although the price hasn’t returned to this zone yet, I believe once it does, buyers could step in again. This level has proven significant before, and if the price revisits this support, it could present a potential buying opportunity. Keep an eye on this zone, as it may signal a shift in momentum if buyers come back. This version reflects that the price hasn’t yet revisited the support zone.
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WiVERIDERS
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.