Reddit (Derivatives) (RDDT)

$RDDT continues to separate itself from the market.

Holding above the daily 9 EMA.
Building higher lows.
Consolidating just below resistance.

If buyers confirm through $205-206, I think there’s another leg higher.

Relative strength names remain my focus. https://t.co/ReAxzU0jMw

$RDDT

Support has flipped to resistance & basing above

Inside bar in the daily above the 9EMA

This is a sleeper in the AI + tech space

Over $208 starts the next leg higher https://t.co/SO3LLhuJ1N

$RDDT is holding above the trendline like we wanted

If market weakness continues, the key level I am watching is the trendline + 200MA confluence

If price loses that area, together with the support below it, I would look for a deeper pullback toward $153

For now, the structure is still bullish

The short-term Wave 3 target remains $237

Fundamentally, the thesis still comes down to ad monetization which shows assymetric growth as the develops