Here’s what I see on the chart: BUYChart Observations:
Sideways Accumulation Zone (Range-Bound):
A long period of low volatility and sideways movement near the bottom.
This looks like a classic accumulation zone, where price consolidates before a breakout.
Support Zone:
The green horizontal line below the price action marks a strong support level that held for a long time.
This zone was tested multiple times without being broken, suggesting demand is present here.
Breakout Candle:
A strong bullish candle recently broke out of the accumulation zone with high momentum.
Likely caused by a news event, volume spike, or large buyer entry.
Pullback After Breakout:
After the breakout, the price pulled back a bit but seems to be respecting the breakout level as support.
If it holds, it may act as a new higher low and continuation to the upside may follow.
