I’m bullish because 7.00 acted as a strong base and price impulsed cleanly through 7.20 resistance, tapping 7.33. Now it’s consolidating above the breakout zone instead of rejecting. That’s strength.
Market read: – Higher lows on 1H – Range expansion from 7.00 → 7.33 – 7.20 flipped from resistance to support – Pullbacks are shallow, buyers absorbing
Momentum is controlled, not exhausted.
Entry Point: 7.22 – 7.28 on pullback into support Breakout entry above 7.34 with volume
Target Points: TP1: 7.40 TP2: 7.55 TP3: 7.80
Stop Loss: 6.98 (below base and structure invalidation)
How it’s possible: Shorts got trapped above 7.20. Liquidity now sits above 7.33 high. If price holds above reclaimed support, continuation toward 7.55 is natural as breakout traders add and sellers weaken. Structure supports upside as long as higher lows remain intact.
I’m positioning with structure. If 6.98 breaks, I’m out. If 7.20 holds, expansion continues.
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$GT – Bullish breakout structure holding above key reclaim
I’m bullish because 7.00 acted as a strong base and price impulsed cleanly through 7.20 resistance, tapping 7.33. Now it’s consolidating above the breakout zone instead of rejecting. That’s strength.
Market read:
– Higher lows on 1H
– Range expansion from 7.00 → 7.33
– 7.20 flipped from resistance to support
– Pullbacks are shallow, buyers absorbing
Momentum is controlled, not exhausted.
Entry Point:
7.22 – 7.28 on pullback into support
Breakout entry above 7.34 with volume
Target Points:
TP1: 7.40
TP2: 7.55
TP3: 7.80
Stop Loss:
6.98 (below base and structure invalidation)
How it’s possible:
Shorts got trapped above 7.20. Liquidity now sits above 7.33 high. If price holds above reclaimed support, continuation toward 7.55 is natural as breakout traders add and sellers weaken. Structure supports upside as long as higher lows remain intact.
I’m positioning with structure. If 6.98 breaks, I’m out. If 7.20 holds, expansion continues.
Let’s go and Trade now $GT