$Affirm Holdings (AFRM.US)$ Affirm has experienced a signifi...

Affirm has experienced a significant correction over the past several months. The open space has almost been completely filled. For the current rally to stay in place, then we need to see some buyers stepping back into the picture soon. Check out my previous post that called out the bearishness before the true correction was confirmed.

Affirm appears to be finding some demand near the long-term support level I have highlighted. This could be a good place to buy the dip in anticipation of a rebound.

Technically speaking, the short-term trend is still down. But with a little more upside, we might get confirmation of a short-term rebound that could coincide with a longer-term rebound off of the trending support that I mentioned.

If we do see any more downside below the trending support, then the last line of defense before the long-tern trend flips to bearish would be the previous highs that I've highlighted in the chart below. If we do not see a rebound and we drop below this area of support, then I will abandon my bullish thesis towards Affirm, at least temporarily.