The breakout candle is supported by a clear increase in volume, indicating fresh buying pressure entering the market. Price is now retesting the breakout zone, offering a high-probability continuation setup. As long as the retest holds above the previous range, the trend is expected to extend toward the next resistance level. Stop-loss is placed below the breakout structure to protect against a failed retest.
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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.
