$BIRB briefly touched 0.07610 before correcting to 0.07404. This peak area is intraday resistance that needs to be reclaimed to sustain upward momentum.

Bullish: A breakout and hold above 0.07610 would open the door to further gains.

Bearish: Rejection at resistance accompanied by a loss of intraday support increases the risk of a retracement. Bullish invalidation should be assessed against the nearest demand zone on the Daily chart.

A rapid rise does not confirm a new trend. Wait for key levels to be reclaimed and held, as momentum without confirmation can reverse.