CIFR Cipher Mining Trading Setup - Double Bottom Pattern Identified

CIFR appears to be establishing a solid foundation right now, sitting precisely at a critical volume shelf—this is exactly where smart money typically stages their next move.

Looking at the chart structure, we're seeing a textbook double bottom formation. The immediate resistance sits at $20.00 where volume clusters heavily. Breaking through here could signal real conviction from buyers.

If $20.00 gives way, the next psychological level to monitor is $25.52—that's where a complete retracement of the previous downmove would land. Getting there would essentially erase all the losses from the recent selloff.

The volume shelf positioning is key here. These aren't random numbers; they're zones where institutional accumulation typically happens. Watch how price respects these levels—that'll tell you whether this setup has teeth or not.