$STBL (12-HOUR): weak FALLING WEDGE breakout so far, vol SPIKESTBL/TetherGATE:STBLUSDTColdBloodedCharterSTBL broke out from this FALLING WEDGE (target $0.151) last Monday, and I haven't posted an update since for a simple reason - the breakout has been rather weak so far. The 50 MA (yellow, currently at $0.089) is still directly overhead and remains my main breakout validation tool. And obviously the volumes - they kept falling after the breakout until a green spike yesterday, so there is some hope. I will take some profits off my latest spot entry (7.6c) a touch below 12c, but not going to lie, my previous purchases were made higher (12.5c and above $0.2). So I’ll be hoping for continuation much higher than 12c. The key thing here is to not invalidate the FALLING WEDGE breakout (the white diagonal extension of the wedge). I would have to do a very in-depth fundamental research if the price approaches 6c. That’s the all-time-low level, and we really don’t want to see candle closes below it. A quick 'spring' wick to sweep liquidity below 6c would be fine, as long as the bulls step in with strength immediately. For now, it’s no man’s land - market structure is bearish on most timeframes, combined with a weak and unconfirmed, but still active bullish BREAKOUT. Patience is key with this one. 💙👽 #STBL