Support defended cleanly. Higher lows forming. Momentum pushing into resistance.
0.6720 is the trigger.
Strong break and hold above → continuation toward 0.6800 opens fast.
Failure to defend 0.6475 → breakout attempt invalidated. Volume expansion supports the move — but confirmation matters. Let the level break with conviction before expecting acceleration.
Clean 4H breakout from prolonged accumulation. Weeks of compression → expansion with strong bullish candles. Volume rising on the move — participation increasing.
Structure shift confirmed: Range ➝ Expansion phase.
As long as price holds above the breakout zone (1.48–1.53), continuation bias remains intact.
Loss of 1.22 invalidates the bullish thesis and signals failed breakout.
TP1 at 1.95 is the first structural magnet.
Sustained momentum above that opens room toward 2.80 and potentially 3.92 if trend acceleration kicks in.
Price is compressing at a key reference level. 15M RSI neutral → momentum has room to expand. Hold the zone → squeeze potential builds. Lose 1.4537 → bears regain full control.
Momentum is building under resistance. Buyers are stepping in. Structure is tightening for a potential expansion move. If volume confirms, this could accelerate quickly.