$HUT bounced clean off the bottom of its falling channel and now eyeing the .236 Fib at $65.36. Break that and we're looking at $79.78 next.
What matters here: Volume Shelf sitting at $45–$55 acts as your structural support. That's where buyers stepped in heavy before, so as long as price holds above that zone, the setup stays intact.
Fib ladder above: $65.36 → $79.78 → $91.43 → $103.08 → $119.67 → $140.80. Each level is a potential resistance where you'd expect profit-taking or hesitation.
Invalidation is simple: lose the Volume Shelf and the bounce thesis breaks. Until then, watch how it reacts at $65.36 — that's your first real test of strength.
What matters here: Volume Shelf sitting at $45–$55 acts as your structural support. That's where buyers stepped in heavy before, so as long as price holds above that zone, the setup stays intact.
Fib ladder above: $65.36 → $79.78 → $91.43 → $103.08 → $119.67 → $140.80. Each level is a potential resistance where you'd expect profit-taking or hesitation.
Invalidation is simple: lose the Volume Shelf and the bounce thesis breaks. Until then, watch how it reacts at $65.36 — that's your first real test of strength.