February open (red line) is a must reclaim for me at this point to push any higher. It was also a significant s/r price point back from June '22 - reclaim it and targets above (T's)
I am personally leaning towards trading at the DCP level around .57 cents again in the short-term - it's a breakout origin and also in line the the 618 fib of this overall rally since yearly open.
57 cents for me is a macro must hold, below it and we just continue the accumulation phase down to the lows imo.
Would provide a great opportunity though if another leg comes thereafter - I doubt it would trade there long if this is still macro bullish.
Trade safe!
I am personally leaning towards trading at the DCP level around .57 cents again in the short-term - it's a breakout origin and also in line the the 618 fib of this overall rally since yearly open.
57 cents for me is a macro must hold, below it and we just continue the accumulation phase down to the lows imo.
Would provide a great opportunity though if another leg comes thereafter - I doubt it would trade there long if this is still macro bullish.
Trade safe!
Vatsik