Archer Aviation (ACHR) Faces Continued Pressure – Key Support

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Archer Aviation (ACHR) Faces Continued Pressure – Key SupportArcher Aviation Inc.BATS:ACHRForexClinikArcher Aviation (ACHR) Faces Continued Pressure – Key Support Levels. Archer Aviation (NYSE: ACHR) continues to face downward pressure, extending its decline after closing last week with a loss of over 18%. As of the time of writing, the stock is down an additional 4.6%, trading around the $10.78 mark. From a technical perspective, the $9.70 zone appears to be the next significant support level. Should the stock reach this point, I intend to begin accumulating shares using a dollar-cost averaging (DCA) strategy. It’s important to note that a break below this level remains possible, given that the eVTOL (electric Vertical Takeoff and Landing) industry is still in its early stages of adoption and remains highly speculative. Caution and a long-term perspective are essential when approaching investments in emerging sectors like this. I look forward to connecting with you. Please, like, share, comment and follow me here