From TradingView · · 1m 20s
SentinelOne pullback setup inside an uptrend
SentinelOne is trading in a rising channel, with a possible rate-driven dip setting up the next rebound.
In brief
SentinelOne is trading in a rising channel, with a possible rate-driven dip setting up the next rebound. The setup depends on SentinelOne holding $20.50 to $22.00 support while staying inside its rising channel. Originally reported by TradingView.
The trend still holds
SentinelOne’s daily chart is moving inside a rising channel. Price has been respecting both the lower and upper bounds, keeping the medium-term uptrend intact.
“strong ascending channel”
Rates may shake it
The next move could be a short dip or burst of volatility as traders react to interest rate decisions and market expectations.
“temporary downward wave or price volatility”
Support is the test
The author is watching the $20.50 to $22.00 zone. A pullback into that area would test whether buyers still defend the trend.
“$20.50 to $22.00”
A rebound is expected
If support holds, the lower channel line could become the springboard for another move higher. Higher lows are the main sign of strength here.
“driving higher lows”
Targets sit above
The first sell zone is near $27.00 to $27.50. A stronger continuation could push toward $31.00 to $31.50, close to the channel’s upper edge.
“First Target (Sell Zone 1)”
The line in sand
The bullish case only works if SentinelOne stays above support and keeps its channel structure. If that breaks, the rebound setup weakens.
“Respecting the trend is key here.”
What to remember
The setup depends on SentinelOne holding $20.50 to $22.00 support while staying inside its rising channel.
