QQQ could find a bottom sooner rather than later. The stock appears overvalued at these levels, but I wouldn't expect much more pronounced declines from here. The market needs to digest the recent rally, and any significant additional correction would be a surprise. The fundamentals suggest that buyers should be waiting at lower levels, but current volatility indicates that we are near a turning point. Keeping an eye on key technical levels will be crucial for the upcoming moves.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
8
Repost
Share
Comment
0/400
StablecoinSkeptic
· 01-07 16:47
Wait, is the bottom right here? It feels like it needs to drop even more to be the real bottom.
View OriginalReply0
ForkPrince
· 01-05 04:40
Hmm... I feel like it's playing both sides, saying it might have bottomed out but also that it could continue to fall. I really dislike this kind of ambiguous argument.
View OriginalReply0
Ser_Liquidated
· 01-05 04:29
Haha, the bottom is almost here but it's unlikely... This just means there's no confidence. But wait, if we're really going by the fundamentals, entering now would just be asking for trouble, right?
QQQ could find a bottom sooner rather than later. The stock appears overvalued at these levels, but I wouldn't expect much more pronounced declines from here. The market needs to digest the recent rally, and any significant additional correction would be a surprise. The fundamentals suggest that buyers should be waiting at lower levels, but current volatility indicates that we are near a turning point. Keeping an eye on key technical levels will be crucial for the upcoming moves.