Link analysis
Updated
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Breakout Confirmation:
The recent breakout from a long-term consolidation is supported by strong price action and a surge in trading volume.
Key Levels:
The previous resistance level around 11.5 may now act as a support level.
The breakout through a key psychological level further strengthens the bullish sentiment.
Price Targets:
Short-Term Target (19.5): Initial target based on engulfing.
Medium-Term Target (27): Ambitious target considering.
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Breakout Confirmation:
The recent breakout from a long-term consolidation is supported by strong price action and a surge in trading volume.
Key Levels:
The previous resistance level around 11.5 may now act as a support level.
The breakout through a key psychological level further strengthens the bullish sentiment.
Price Targets:
Short-Term Target (19.5): Initial target based on engulfing.
Medium-Term Target (27): Ambitious target considering.
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Note
short term update:Trade closed: target reached
short term target touched:
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telegram channel: t.me/melikatrader94
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