Hourly Support Fueling up now

With many other alts already breaking out of their lower time frame supports 10-30%, a laggard has been spotted.

Comment:

10% bounce out of support so far. I am looking for a wee bit of consolidation on the lower time frames, but ultimately expecting daily closes higher.

Trade closed: stop reached:

With the market wide drop, we were drug down as well. After the initial post we had attempted a move upwards, almost 50%, but failed on the HTF and then failed back through clear support.

Now its resistance, and there is alot of overhead resistance to take note of. Keep an eye on 5c and 7c if we make it back up there. With 5c being a major level and a foundation for a bullish environment if we can settle over it.