It could still break out, but ideally I would want it to get closer to 5 then trade sideways for a bit. A daily Higher Low and trend change to break 5.25 most ideal. Forming a base and having people accept the sideways level is better than an elevator up, where people rush to take profit, just to make another elevator down and have us back where we started. Hitting 5.25 would be a 40% move from the low of 3.74, moves like that provide instability. All imo of course.
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