Right now, we're looking at an up channel with resistance between 5550-5650 sats. If we pop that line, next channel resistance line is around 6050 (going back to October) - likely closer to 6000 this time around.
Lower channel support between 5300-5400. If we breakdown, we have soft support around 4900, and a hard support line at 4400.
Watch for breakouts above 5500 and breakdowns below 5300.
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Couldn't hold the line and brokedown. Support is trying to hold at 5300, but I'm anticipating bull exhaustion and a breakdown to the high 4000's.
@Moses98, I don't see it going passed 6000 sats on this run, so that's my high sell target. But I do see it as a great buy, long term.
Stop loss is hard to pin down right now because it's volatile. You could hit stop loss at a broken support threshold and have it shoot through the roof again. I'm putting my stop loss at 4700 and watching this one like a hawk.