Netflix ($NFLX) Breakdown Alert – Critical Support Failed! 📉
Netflix just broke below a major support zone around $1,260, after failing to reclaim the $1,300 resistance area. The price dropped sharply to a low of $1,246 and is now hovering near $1,250.
🔍 What happened?
The price did not hold the key support—it was rejected hard from the $1,300–$1,310 resistance block and sliced through the lower support. This signals a bearish continuation unless price reclaims the $1,260 zone fast.
📊 Key Levels:
Resistance: $1,300 – $1,310
Broken Support: $1,260
Current Price Zone: $1,250 – $1,246
⚠️ If it stays under $1,260, we could see more downside towards $1,240 or even lower.
Watch closely—this could be the start of a deeper retracement if bulls don't step in fast!
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