$CIFR weekly chart setting up nicely here.
SuperTrend holding as support. Price retraced to the 3/4 Gann fraction—textbook technical level. What's interesting: heavy volume came in this week, but the stock barely moved down. For a name as volatile as $CIFR, that's absorption.
When you see size hit the tape and price refuses to crack, that's usually institutional players stepping in. The dip got bought.
Looks like this could be the low. Risk/reward favors longs from here if support holds.
SuperTrend holding as support. Price retraced to the 3/4 Gann fraction—textbook technical level. What's interesting: heavy volume came in this week, but the stock barely moved down. For a name as volatile as $CIFR, that's absorption.
When you see size hit the tape and price refuses to crack, that's usually institutional players stepping in. The dip got bought.
Looks like this could be the low. Risk/reward favors longs from here if support holds.
