CCJ just pulled off the kind of breakout that gets traders' attention. After breaking through that descending resistance line, the price made a clean, powerful move higher. Momentum kept building, and you could see the acceleration kicking in as buyers stepped up.
Friday's action was particularly interesting—price reached back to October's highs and formed a shooting star pattern. For breakout traders, this kind of setup is exactly what you're hunting for: a clean break, expanding volume behind it, and technical structure that confirms the move. Whether this sustains depends on what happens at these resistance levels, but the momentum picture definitely shifted.
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GraphGuru
· 7h ago
Breaking through the resistance line, the key is whether we can hold this wave.
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DAOdreamer
· 01-11 22:44
Oh my, this CCJ really held up, was that Friday's shooting star really serious?
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On-ChainDiver
· 01-11 15:55
Wait, a shooting star pattern? I saw that last Friday too, but I don't feel as optimistic about it...
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just_here_for_vibes
· 01-11 15:44
Wow, it finally broke through. I knew this resistance line would eventually break.
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NotSatoshi
· 01-11 15:36
Haha, this wave of CCJ is indeed interesting. The breakout looks pretty clean... Just worried it might all be an illusion again.
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BearMarketSurvivor
· 01-11 15:26
It broke out of the range, but I'm not excited—I've seen many false alarms on this battlefield.
CCJ just pulled off the kind of breakout that gets traders' attention. After breaking through that descending resistance line, the price made a clean, powerful move higher. Momentum kept building, and you could see the acceleration kicking in as buyers stepped up.
Friday's action was particularly interesting—price reached back to October's highs and formed a shooting star pattern. For breakout traders, this kind of setup is exactly what you're hunting for: a clean break, expanding volume behind it, and technical structure that confirms the move. Whether this sustains depends on what happens at these resistance levels, but the momentum picture definitely shifted.