Clean Structure, Strategic Opportunity BrewingChalice Mining LimitedASX_DLY:CHNAlvinDeo96CHN is printing a textbook structure. After breaking out of the prior range, price met predictable resistance at the monthly Fair Value Gap (FVG). It’s since pulled back into a key area of interest setting the stage for a high conviction setup. Scenario • Initial entry zone: Price has tapped the first buy zone, aligning with the 50% retracement projected from the Spring Low and Sign of Strength (SOS). •Secondary entry zone: ~$1.40, where strong structural support is evident. Risk Management •Initial stop-loss: Must sit below the Spring Low until a weekly higher swing low forms. Once confirmed, SL can be raised accordingly. Risk management as always is key. Targets •TP1: Near the SOS. Watch closely, supply absorption here is still uncertain. If price gets into the zone pay attention to the candle spreads as, that will indicate if more time is needed •TP2: A higher monthly FVG offers the next upside magnet. •TP3: Trail SL using new weekly swing lows to lock in gains and stay adaptive. This setup offers a compelling risk-to-reward profile and aligns perfectly with a DCA approach.