TOTAL 3My take:This is the chart I keep coming back to when sentiment feels dead.We’re still respecting the rising macro trendline that’s been intact since the last cycle. Every time we’ve come down to this area in the past, it’s been where altseason quietly starts, not where it ends.Right now:> Price needs to continue to hold above long-term support> Structure hasn’t broken> Volatility is drying upThat’s usually the phase where people get bored, bearish, and underexposed.If this level holds, I see this as accumulation, not distribution.A clean bounce from here would flip the narrative very fast.Hold and pray in full in effect