Spotted an interesting setup brewing here. $SBET looks like it's testing key support levels—classic accumulation pattern. Meanwhile, the broader crypto market including $ETH is showing compression that typically breaks one way or the other going into the weekend and early Monday session. The technical confluence on the charts points toward a potential reversal scenario. Conviction on the long side remains solid. Charts don't lie when you read them right.
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PaperHandsCriminal
· 2h ago
Here we go again with this set: support levels, accumulation, reversal... Charts can be deceiving, alright? I was specifically tricked by this kind of "convergence point."
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BearMarketMonk
· 12-12 23:31
Charts don’t lie, but people do. How many times has the support level been broken? Every time it’s said to be just accumulation... a matter of cycles, and what’s meant to come will still come.
Spotted an interesting setup brewing here. $SBET looks like it's testing key support levels—classic accumulation pattern. Meanwhile, the broader crypto market including $ETH is showing compression that typically breaks one way or the other going into the weekend and early Monday session. The technical confluence on the charts points toward a potential reversal scenario. Conviction on the long side remains solid. Charts don't lie when you read them right.