How far do you let RDDT fall before buying the dip?
Reddit (RDDT), has been taking it on the chin lately with news that ChatGPT is not relying on it as heavily for information. But the key question here is whether it has fallen far enough to merit a buy, or should we wait for it to fall further before jumping in?
In my latest video, I break down:
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The news that sparked the drop, namely reports that ChatGPT is leaning less on Reddit data.
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Technical damage and critical support zones that are now in jeopardy.
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Where I’d consider getting in if the stock stabilizes or bounces.
If you’re watching RDDT or trying to trade its volatility, this one’s essential.
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