Price sitting above structure, coiling at a volume shelf. Clean launch zone. Next leg targets $1.66 if we clear resistance with conviction.
Fundamentals backing the setup: Revenue up 145% YoY to $15.1M. Still burning cash ($22.6M net loss), but they're in heavy build mode — not a red flag yet. They own a 150 MW wind farm (Briscoe), locked in cheap green power, and just signed a big AI data center deal (Kati 2 JV). Power pipeline now sits at 6.3 GW. That's massive for AI infrastructure plays.
Cash position strong at $113M. Running 192 MW capacity now, scaling to 206 MW soon.
Chart's telling the story: wedge squeeze, volume drying up, breakout imminent. If we pop above resistance with volume, $1.66 is the next logical target. Invalidation below wedge support.
This is a growth play with real infrastructure behind it. Not profitable yet, but the runway's clear if execution holds.
$BMNR holding its trend clean — pushing toward that $20 launch zone. Structure's intact, higher lows stacking, momentum staying bid. This is textbook continuation: you want to see these clean higher-low prints holding above prior structure, confirming buyers are still in control.
Watch for a retest of support before the next leg. If it holds and bounces with volume, that's your confirmation the trend's still live. Break below the last swing low? That's your invalidation — trend's compromised.
Setup: continuation long on retests into support Target: $20 zone Invalidation: break of the most recent higher low
Clean trend, clean levels. Let the structure teach you where to enter.
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