➡️ $B is finally showing some life, but the real test is still sitting above.
The Cup & Handle setup has put $0.26 and $0.31 on the radar, but those targets only matter if price can actually clear the neckline resistance.
Bull Bear Power is improving, with the green histogram reaching its strongest level since September 14. That tells me buyers have stepped in during this recent push.
But I’m not ignoring the other side of the chart.
CMF has slipped below zero, which means money flow isn’t fully confirming the rally yet. That’s the main weakness in this setup.
So for me, the key level is simple: neckline resistance.
A clean candle close above it, ideally with stronger volume, would make the breakout much more convincing and put $0.26 first, followed by $0.31, into focus.
If price gets rejected again, I’d watch the lower liquidity area before assuming another breakout attempt.
Right now, $B has the pattern.
Now buyers need to prove they have the strength to finish it.
#B
The Cup & Handle setup has put $0.26 and $0.31 on the radar, but those targets only matter if price can actually clear the neckline resistance.
Bull Bear Power is improving, with the green histogram reaching its strongest level since September 14. That tells me buyers have stepped in during this recent push.
But I’m not ignoring the other side of the chart.
CMF has slipped below zero, which means money flow isn’t fully confirming the rally yet. That’s the main weakness in this setup.
So for me, the key level is simple: neckline resistance.
A clean candle close above it, ideally with stronger volume, would make the breakout much more convincing and put $0.26 first, followed by $0.31, into focus.
If price gets rejected again, I’d watch the lower liquidity area before assuming another breakout attempt.
Right now, $B has the pattern.
Now buyers need to prove they have the strength to finish it.
#B