$DCR continues to trade within a broader downtrend, and the recent bounce from the daily low hasn't changed the overall bearish structure. đ
Price is trading around $11.24, down 3.35% on the day after rejecting $11.65. While buyers defended the $10.74 low, volume remains very weak, suggesting there isn't enough demand to confirm a meaningful reversal. The long-term trend is also negative, with steep losses across the 30-day, 90-day, and 180-day timeframes.
As long as $11.50â11.65 isn't reclaimed, sellers remain in control.
đ Key levels to watch:
âą Resistance: $11.50 â $11.65
âą Support: $11.00 â $10.74
âą Major support: $10.50
Possible plan đ
đŽ Short Zone: $11.25 â $11.45
đŻ Target 1: $11.00
đŻ Target 2: $10.75
đŻ Target 3: $10.50
â Invalidation / Stop Loss: Above $11.70
The overall structure still favors the bears. A decisive loss of $11.00 could open the door for another leg lower toward the $10.50 area, while any recovery above $11.65 would be the first sign that bearish momentum is weakening.
Price is trading around $11.24, down 3.35% on the day after rejecting $11.65. While buyers defended the $10.74 low, volume remains very weak, suggesting there isn't enough demand to confirm a meaningful reversal. The long-term trend is also negative, with steep losses across the 30-day, 90-day, and 180-day timeframes.
As long as $11.50â11.65 isn't reclaimed, sellers remain in control.
đ Key levels to watch:
âą Resistance: $11.50 â $11.65
âą Support: $11.00 â $10.74
âą Major support: $10.50
Possible plan đ
đŽ Short Zone: $11.25 â $11.45
đŻ Target 1: $11.00
đŻ Target 2: $10.75
đŻ Target 3: $10.50
â Invalidation / Stop Loss: Above $11.70
The overall structure still favors the bears. A decisive loss of $11.00 could open the door for another leg lower toward the $10.50 area, while any recovery above $11.65 would be the first sign that bearish momentum is weakening.