POPCAT at $1.80 high before pullback

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

• A more meaningful pullback that was long overdue, in our opinion.
• Price broke out of the red resistance box and shot up to the green box that we thought might be the final resistance of the move. That's exactly what has happened and the price has reset since.
• The price has broken its local uptrend, which could potentially cause the price to revisit the $0.90 to $1.10 area. This would be a strong buying zone for us if the price did revisit this zone.
• In terms of downside, the price area for major support would be between $0.90 to $1.10, even on a Harris win, we'd be surprised to see POPCAT below those levels.
• On the upside, $1.50 to $1.60 will likely act as short-term resistance unless Trump wins.
• The RSI has pulled back to middle territory, but it's still not close to oversold territory on the Daily timeframe, although it is on the smaller timeframes.

• Next Support: $1.10
• Next Resistance: $1.60
• Direction: Neutral
• Upside Target: $1.60
• Downside Target: $1.10

The price tagged $1.80 as we predicted and pulled back from there. This pullback is somewhat to be expected considering how strong the move up from early September was with the price going from $0.47 to $1.80 high. A healthy pullback to $1.10 to $1.25 preelection would be positive and healthy here, so we're not panicked, especially considering the rest of the market is also pulling back quite substantially.