LCID Rejection at Resistance – Short Setup

25 Mar

here’s the setup on Lucid (LCID). The stock had a nice pop after the Morgan Stanley upgrade, but let’s be real—it’s still bleeding cash with no real turnaround yet.

📉 Why I’m Looking to Short:

LCID ran into resistance (check the chart) and failed to break through.

If it drops below support, we could see a solid move down.

The company is still burning money, and the hype from the upgrade might fade fast.

💰 Trade Plan:

Short entry: If LCID breaks below support (marked on the chart).

Target 1: First key support level.

Target 2: Deeper move if selling pressure increases.

Stop loss: Above recent highs (just in case it rips).

⚠️ Risk Factors:

If LCID holds support, we could see a short squeeze.

Saudi backing & AI hype might keep it from fully breaking down.

25 Mar

İşlem aktif

10 Nis

Not

Price held support and bounced back above the trendline.
The breakdown I was watching didn’t trigger, and bulls stepped in around $2.40.

What's next?
Still under key resistance ($2.60), but the structure looks stronger now.

🧭 New Plan:
Watching $2.60–2.65 — breakout above that = possible trend shift
Staying cautious until either:

Breakdown confirms 💀

Breakout clears the zone 📈

Risk still high, but bias flipped to neutral/bullish (for now)