Short term short or an entry for bulls
Updated
Price has hit the top of both indicators in use; Bollinger bands and Stoch RSI. With a strong spot above the moving average and peaking a diagonal resistance, I can see this price moving from the .5 Fibonacci level to the .382 level.
Note
If price breaks past the support line we could be seeing a bull trap in our rearview and expect to see a further decline, where I would put our new support at previous lows of ~220.
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