Alright, team, checking in on $FARM here.
Looks like we've had a bit of a rollercoaster over the past few days. After that pump on the 28th that pushed us up to $32.20, we've seen a pretty consistent pullback.
We're currently hanging around $29.24. Notice how that $29 area is acting as a bit of a psychological support right now. We dipped below it briefly, but buyers seem to be stepping in.
Volume on this bounce isn't super convincing yet, so I'm not calling for a full reversal just yet. Could be a dead cat bounce, or we might be finding a temporary floor before another leg down.
If we can hold this $29 level and see some increasing buy volume, then maybe we test $30 again. But if we break decisively below $28.80, then we're likely looking at a retest of the lows around $28.40. Keep an eye on that.
Trade safe out there.