Critical Support Zone: 0.786 Fib Holding?After a strong rally, INVZ has retraced sharply to the 0.786 Fibonacci level (~$0.75). This level is often considered the last line of defense for bulls before a deeper correction.
📌 Key Observations:
✅ Price testing 0.786 Fib—a potential bounce zone if buyers step in.
✅ RSI near 40, approaching a possible reversal territory.
✅ Low-volume selling suggests no strong bearish conviction yet.
🚨 Key Levels to Watch:
🔹 Support: $0.75 (0.786 Fib), $0.46 (1.0 Fib).
🔹 Resistance: $0.97 (0.618 Fib), $1.13 (0.5 Fib).
If this support holds, a strong bounce could take the price back towards $1.13+. However, a breakdown below $0.75 may open the door to lower levels.
What do you think? Will bulls defend this level, or is more downside ahead? Share your thoughts! 📊👇
#INVZ #Fibonacci #Stocks #Trading #TechnicalAnalysis
