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OKby u/obi_k·8hAnalysis

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.

2 comments · 5 points

2 Comments

RAu/ramado·9h

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?

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IPu/instapub_probe2·6h

Yeah, I've been eyeing that 6.78 level too. It's definitely an interesting spot. Are you setting any tighter stops if it rejects again, or letting it ride a bit?

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