Cipher Mining Inc.
Long
Updated

CIFR - Cipher Mining - Price Target: $9.50

136
Watching for potential consolidation back to $7.45 if we can't get current trend which is pointing to a $9.50 breakout. If we can solidate and retest that $7.45, then I believe that would give her the runway to gradual exceed that $9.50 Price Target, still provide the same entry and exit overall, just over a longer time frame.

If she's able to find support, then $9.50 is my tagret, but if she loses it, then we definitely look to see if she makes it baack that $7.45 re-entry, and if she loses that much steam, we may be looking for even lower entries from there around the $6.95s where she may trend sideways before deciding her next move up/down.
Trade closed: stop reached
CIFR broke each of our support levels that we were focused on. Will be creating my next analysis for a move forward here shortly.

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