It's pretty normal to see pullbacks at key Fibonacci levels—that's textbook behavior. Right now the 1st FIB is holding up nicely with solid volume backing (check the confluence there). The real test comes at $200—that's where we previously saw an overshoot. If this level breaks and holds, history suggests we're looking at a meaningful breakout. Classic setup: consolidation → support hold → breakout confirmation. Watch the volume here; it'll tell you everything about conviction.