It looks like the stock is gearing up for a breakout after a period of consolidation.
There's a significant supply zone around the 500 psychological level.
For a successful breakout, we should ideally see a strong 1Month candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
There's a significant supply zone around the 500 psychological level.
For a successful breakout, we should ideally see a strong 1Month candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
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