Classic structure
First phase - aggressive markdown inside a clean descending channel. Lower highs, controlled sell pressure, no real bid stepping in
Then the shift
Price compresses at the bottom of the range around $5.8–6.2. Volatility contracts. Sellers stop pushing. That flat base isn’t random - it’s absorption. Supply gets chewed through while everyone calls it dead
Now we’re seeing early expansion out of accumulation. Higher lows forming. Momentum flipping. Structure breaking the local range ceiling
If this Wyckoff transition plays out fully:
- Phase C spring already in
- Phase D markup begins
- Channel reclaim = fuel
Measured move from the base projects toward $13–18 - roughly 2.5–3x from the range lows
The key is simple: as long as the accumulation low holds, bias remains expansion
Compression → expansion.
That’s the game
