
Update To My Last Post
Alright, I have officially built a small position.
These are the levels I’m watching. Every time we break and hold, I’ll add more. If it breaks down, I’ll sell back to a more manageable level.
Now that we broke the 50 SMA, the next level I’m watching is the local high from 06/17 as resistance. Momentum does look a lot better coming from this push, but an overextension in momentum can also create a reversal.
My hope is:
Break the high → accumulate → break the 100-day MA, which is the red line on the chart.
I will say, the big test for whether this is an actual reversal or just a short-term pump is going to be the blue line on the chart. That is a VWAP set from February of 2026, and it has practically been respected since the week it was created.
Just a note:
I’m not crazy big into crypto. I mostly trade and hold stocks. I think this is fun, and I wanted to give you guys some quick analytics into this coin. Maybe if this does do more, I’ll do some deeper dives.