Technical Breakdown
Confirmed breakout above $22.20 base with strong candle close and volume
RSI has pushed above 57 with trend momentum building
EMAs have flipped bullish, with price holding above the ribbon
Low-volume zone above allows room to trend toward next supply shelf
Targets & Structure
First target hit: $23.25 (+3.8%)
Next target: $24.50 (+9.7%) — aligns with previous structure and Fib confluence
Invalidation level: Breakdown back below $22
Strategy Insight
This is a classic breakout continuation pattern from a low-volume zone.
If momentum holds, price has room to push toward $24.50.
A clean backtest to $22.20 could present a lower-risk entry before the next leg up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.