$CYPH just ran 356% in 30 sessions and now we're reading the retest.
Price pulled back under the 1.0 fib at $3.70 and is now holding above the $3.16 flip. That flip is your structural anchor — lose it and the thesis changes. Hold it and we're building for continuation.
First target is $3.50. That's where you measure conviction. If it reclaims $3.70, you've got confirmation that the structure is still intact and higher targets open up.
This is textbook post-run behavior — extension, pullback, retest of support turned resistance. Watch how it behaves at $3.50. Does it stall? Does it punch through with volume? That tells you whether the momentum is real or fading.
Invalidation is clean: lose $3.16 and the flip fails. Until then, you're long bias with a defined risk.
Price pulled back under the 1.0 fib at $3.70 and is now holding above the $3.16 flip. That flip is your structural anchor — lose it and the thesis changes. Hold it and we're building for continuation.
First target is $3.50. That's where you measure conviction. If it reclaims $3.70, you've got confirmation that the structure is still intact and higher targets open up.
This is textbook post-run behavior — extension, pullback, retest of support turned resistance. Watch how it behaves at $3.50. Does it stall? Does it punch through with volume? That tells you whether the momentum is real or fading.
Invalidation is clean: lose $3.16 and the flip fails. Until then, you're long bias with a defined risk.
