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$Trader @GDXTrader on x 11.5K followers
Created: 2025-07-21 14:54:52 UTC
$CDE
$CDE has developed a clean cup and handle pattern near its recent highs, a classic bullish continuation setup that often signals accumulation before a breakout.
The rounded base of the cup reflects a period where bears gradually lost control and buyers regained strength, forming a smooth recovery to prior resistance.
The handle that followed was a shallow pullback with decreasing volume, showing that sellers had limited conviction and bulls were simply pausing before another leg higher.
Now, with price coiling just below resistance, we’re on the verge of a breakout. A strong move above the neckline with volume would confirm the pattern and likely trigger momentum buying, as traders recognize the shift in sentiment and the potential for a trend extension.
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