$CNPY
I’ve been looking at the 2h on this one and ngl it’s looking good.
+76% off the recent low, and it’s squeezing tighter and tighter into that trendline sitting around 0.41.
You can just see the coil building.
What I like about the pullback from 0.65, it wasn’t panic selling. Lower highs, sure, but the base is flattening out nicely. That usually means sellers are running out of ammo, not that more pain is coming.
Quick context for anyone just seeing this, Canopy lets devs spin up their own blockchain in like 200 lines of code, no need to bootstrap validators from scratch. Team’s got $8.5M behind them (Arrington, Fenbushi, Borderless, few others), already on Binance Alpha, mainnet’s next up.
That’s the real catalyst here 👏🏻
Clean close above that trendline, roughly 0.45, and I think this moves. Until then I’m not touching it, just watching.
DYOR
I’ve been looking at the 2h on this one and ngl it’s looking good.
+76% off the recent low, and it’s squeezing tighter and tighter into that trendline sitting around 0.41.
You can just see the coil building.
What I like about the pullback from 0.65, it wasn’t panic selling. Lower highs, sure, but the base is flattening out nicely. That usually means sellers are running out of ammo, not that more pain is coming.
Quick context for anyone just seeing this, Canopy lets devs spin up their own blockchain in like 200 lines of code, no need to bootstrap validators from scratch. Team’s got $8.5M behind them (Arrington, Fenbushi, Borderless, few others), already on Binance Alpha, mainnet’s next up.
That’s the real catalyst here 👏🏻
Clean close above that trendline, roughly 0.45, and I think this moves. Until then I’m not touching it, just watching.
DYOR
