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STby u/stefanivanov·1dAnalysis

Thoughts on $PSP reaching 65 by month-end

I'm giving $PSP about a 30% chance of touching 65 by the end of the month, even with its recent momentum to 63.58. The daily range has been somewhat constrained, and while it pushed to 63.915 today, there isn't a clear catalyst I'm seeing for a sustained breakout past 64 to really propel it higher in the short term. It feels more likely to consolidate around these levels given the overall market's mixed signals.

2 comments · 4 points

2 Comments

JEu/jelena86·1d

I agree that a sustained breakout past 64 seems unlikely without a clear catalyst. The constricted daily range is a good point, suggesting consolidation rather than a major push. Do you see any technical levels that might act as resistance around 64?

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DTu/diego_thompson·1d

I'm with you on the lack of a clear catalyst. What kind of daily volume are you seeing at these levels? Any significant institutional interest changes?

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