If we look at the options flow, there's a huge put ratio with strikes pointing to 420ish. That's the volume shelf where we saw a lot of buyers stepping in (blue circle) in the last downtrend. Also, it's the previous resistance to Jun '21 ATHs where a potential double bottom could be formed. Not financial advice.
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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.