The range itself is interesting, but one thing I'd also watch is volume. A long consolidation only leads to a strong breakout if participation expands when price leaves the range. Otherwise, it can turn into another fakeout that traps both bulls and bears.
For me, a sustained close above $0.033 with rising volume would be much more convincing than the consolidation alone. If that happens, momentum could accelerate quickly, but until then, patience is probably the better edge. What's your key invalidation level if $0.029 fails?
For me, a sustained close above $0.033 with rising volume would be much more convincing than the consolidation alone. If that happens, momentum could accelerate quickly, but until then, patience is probably the better edge. What's your key invalidation level if $0.029 fails?