Jul. 23 at 9:25 PM
$NOW is sitting at a critical decision point 👀
The chart is starting to get interesting, but the next move depends on whether bulls can defend the current support trendline.
If that support breaks, I wouldn’t be surprised to see another leg lower as momentum shifts back toward the sellers. The level I’m watching closely is the 0.786 Fibonacci retracement around
$53, which could become a major demand zone if price reaches it.
Long term, the bullish case is still alive. A confirmed bottom here could set up a much larger Wave 3 move, with upside targets being discussed significantly higher.
But first things first: support needs to hold. I’m not chasing predictions, I’m watching the reaction at key levels.
Patience is the edge. Let the chart confirm.
