So your main reasoning for thinking 89c is mean reversion to the 200EMA and gaps below from a technical POV. The price has crept back to the 200EMA which is above 89c, and held major support and the 200EMA even through the supply of the recent CR.
I'll reiterate that from a technical POV the current support in play is a far better entry than if the price should reach 89c - the chart will have broken down at that point.
The gaps may very well be hit at some point, but that's the thing with gaps no one knows when they'll get hit could be weeks or could be years, could be never.
VMM - General Discussion, page-461
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