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Most people think they missed the boat on $BILL but the way these candles are closing says otherwise.
We just saw a massive vertical move from $0.015 up to nearly $0.04. Usually, you’d expect a total collapse after a 155% candle, but look at the consolidation. It’s holding the $0.035 level like a champ instead of bleeding back down.
Right now we are knocking on the door of $0.04 again. If we flip that $0.0399 resistance into support, this thing is entering price discovery and nobody knows where the top is.
The volume is still thick which means the interest is real, not just a pump and dump. If it does pull back, I’m looking at $0.030 as the first major area to see if buyers step back in.
The order book is showing some heavy sell walls near the psychological $0.04 mark. We need to eat through those to see the next leg up.
I'm keeping a close eye on the 1h close. If we stay above $0.038, the momentum is still very much in favor of the bulls.
#OilBreaks110