Forming a bottom? Were these entities also responsible for...

Forming a bottom? Were these entities also responsible for thwarting other bottom-forming attempts? You could argue based on the 1D chart there have already been 3-4 attempts this year alone - all of which have failed.

I might start considering a bottom when --

- If price *does* violate $3.9, it must be met with high volume, create a swing failure and show sustained continuation to the upside.

- Price breaks $5.50, successfully retests holds above for consecutive sessions.

Breaking and holding above $7.50 would significantly add confidence.

A failed retest of $5 from below would indicate an S|R flip and hint at a new range forming between $3.9 & $5 and further downside.