Forming Distribution Channel Grinding to ATH

by David

We are entering distribution area where a lot of previous top buyers may want to exit Not expecting a pump straight through ATH since its a heavy selling area (thick horizontal line at 57)

Instead, could be nice to have a channel going up slowly chewing away at that area before a final pump Right now might go straight for channel top pre market open or paint IHS to trap bear liquidity to make it easier

If it happens I will be swing trading within this channel, moving increasing focus on alts