Watching $CSPR at 6.78 - A potential breakout or bust?
Been looking at $CSPR today, and that 6.78 level feels like a bit of a make-or-break point. It's been bumping up against it, not really able to push through, but also not getting rejected hard enough to call it a definitive cap. My gut says if we see a solid candle close above 6.785 on decent volume, there's some room to run, possibly testing the next resistance at... well, let's just say a higher number.
Of course, the whole idea gets invalidated pretty quickly if it fails to hold 6.605. A move below that, and it's probably back to grinding lower, faking out everyone who thought this was the moment. Just my thoughts, could be completely off.
I've been watching CSPR too. That 6.78 level has definitely been a sticking point, and I agree that volume will be key if it breaks through. Are you looking at the daily or a shorter timeframe for that candle close?