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Is $NOT actually preparing for a massive breakout or is this just another trap?
The price action today is definitely making some noise with that 17% jump. We just hit a local high of 0.00055 and faced a bit of a rejection, but the way it’s holding around 0.00049 is what caught my eye.
Looking at the previous structure, we’ve spent a long time accumulating between 0.00033 and 0.00040. Now that we’ve cleared that range with decent volume, the real test is if we can turn 0.00048 into a solid floor. The order book looks healthy with over 60% on the big side, so there’s definitely some appetite here.
If we keep this momentum and flip the 0.00055 level, the next target on my radar is that long wick up near 0.00066. But if we lose the 0.00046 level, expect a slow bleed back into the old range.
I’m watching the daily closes very closely before making my next move. Stay disciplined.
#OilBreaks110