NBIS 220 Life-or-Death Line: If it breaks, the stock price could plummet: 1. Issuing convertible bonds is a clear bearish signal The company chose to issue convertible bonds at a high price, which shows even the management thinks their stock is overvalued. That’s why they dumped another 10% today. 2. $220 is the bulls’ life-or-death line: This is the largest trading zone for the past 150 weeks. Bulls must hold the line. If it breaks, the stock price could instantly drop to $190 (another 10%-15% decline). 3. A breakdown could lead to a 40% cliff-like crash Below $190, there’s a massive trading volume vacuum. If this level is lost, there’s no strong support, and the stock price could slide all the way down to $120-$130 without resistance. 4. Reverse bottom-fishing strategy: Don’t get greedy with short positions. Take profits in batches when the price drops to $180, $170, and $160. Once the stock crashes into the $120-$130 range, go heavy on long positions and buy back in! #StockMarket #TradingStrategy #NBIS $NBIS