RKLB 1H: Testing 72.00 Major Support | Breakout or Breakdown?Rocket Lab CorporationBATS:RKLBLegacy_Trader01ROCKET LAB CORPORATION - RKLB 1H Analysis Pattern: Descending Channel + Support Zone Test After a fake breakout, price dropped hard inside the blue descending channel. Now it's testing the major 72.00 support zone. Key Levels Marked: 1. Current: 72.58 2. Support Zone: 72.00 Red zone. Major demand area. Also marked "Support Zone" 3. Resistance: 84.00 - 84.42 Blue zone. Top of the descending channel 4. Fake Breakout: Marked on left. Price broke up then dumped Scenario: 1. Bullish: Hold 72.00 support + break above channel → First target 76.00, then 78.00 2. Bearish: Lose 72.00 support → Next drop could be toward 70.00 Bias: Bearish until 72.00 holds. Price is at a critical support. A bounce from here is possible, but needs to break out of the descending channel to confirm reversal. Not financial advice. Trade with SL --- ### 20 Min Description for Post / Telegram / YouTube Title: RKLB 1H: Testing 72.00 Major Support | Breakout or Breakdown? Description: `Rocket Lab dropped inside a descending channel and is now testing key support at 72.00. Earlier we saw a fake breakout above the white trendline. Bullish: Hold 72.00 + Channel breakout → Target 76.00 - 78.00 Bearish: Break below 72.00 → Next target 70.00