potentional of Strong Buying ZoneI strongly believe Archer Aviation is good stock for swing traders.
We have Two Scenarios:
One: the Previous Low (P. Low) Line indicate a good potentional of Strong Buying Zone.
Two "Worse Case Scenario": the 1h Green Zone @ roughly 6.73 consider a good potentional of Strong Buying Zone.
Note: "potentional of Strong Buying Zone" Means that:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.