Feb. 20 at 7:19 PM
$WKSP : Bottoming Structure Near Key Support 🚨
Worksport is attempting to stabilize after its extended pullback, with price now basing near the
$1.30–
$1.50 region and showing early signs of demand stepping in.
Technical Breakdown:
📈 Strong horizontal support developing near
$1.35
📈 Tight consolidation forming after sharp downside move
📈 Oversold structure following multi-month decline
📈 Volume spike on recent bounce, potential capitulation low
Reclaim levels to watch:
➡️
$2.09 (first key reclaim level)
➡️
$2.35–
$2.65 resistance zone
➡️
$2.95–
$3.15 supply area
➡️
$3.44 pivot level
➡️
$3.89–
$4.30 major resistance
➡️
$4.90 prior range high
Price is compressing near long-term support. A strong move back above
$2.00–
$2.35 on volume could signal momentum shifting back to the bulls.
Communicated Disclaimer: https://tinyurl.com/TherealshortsqueezyWKSP1
Sector Peers:
$GM $F $LEA $VSTO
