Soun ai has finally seen a potential breakout of a long brewing pattern considlation.
3.35 has been a horizontal reistance for a while but the true breakout for me is the 3.22.
We just broke out of a smaller symtrical trinagke on the 15 min causing a large push up towards 3.40
Now is the time to pay attention.
If we can backtest and control 3.22 as support. Even if it takes all day, this will be confirming a breakout in my veiw that targets 5$ as the first key target.
I am already in a postion averged at 2.84 but I am considering to add into this if we hold 3.22 or 3.35 as support convincingly. I’m not sure where I’ll add just yet I need to see more price action. Howver if this can contiue to remain on this bullish look we can see upward of 12$ off of fib extensions
Keep an eye on this cuz it could be in process of a big move. The only way this is a fail is if we broke 2.90. If that happens then the lower uptrending support is 2.60-2.65. That would be a more bearish look in my opinion if we saw a large rejection.