While I'm hoping to see this rally up a lot higher before the Main Net launch, crypto doesn't unfortunately cater to our desired narrative.
It appears we're in the midst of the corrective 4th wave.
I'll be looking for a bounce to the upside around 855 sats, 785 sats, and 715 sats respectively.
If this run continues to adhere to being a textbook 12345 wave, then look for the end of wave 5 to be around the color of its respective support- i.e., if we bounce off of the 784 level, expect the rally to end at 1264 satoshis.
Crypto is quite odd, however, so I still don't rule out hitting the 2500 sats mark by the end of month. everyone could FOMO this to sin and cause an absurd rally. There was no explanation for the previous run in December, so we don't need one now.
we are bouncing off that trend line all day, it appears to be broken now. bouncing around the 780sats for the last few hours now. You suspect a bounce off the 784sats still? Ive seen your recent chart as well, a june 2nd possible bull trap? Or are we retracing down to low 700's and if that breaks, 400-600's? I just put a stop loss just incase around 750sats.