$JUV just printed a strong impulse move after a long base and now it’s cooling off. I’m seeing healthy consolidation near support which tells me buyers are still in control. Momentum came in fast and price is holding above the key breakout area. I’m looking for continuation after this pause. I’m patient here and only execute if price respects the zone.
Trade Setup
Entry Zone
0.71 – 0.73
Target Points
Target 1 0.78
Target 2 0.84
Target 3 0.88
Stop Loss
0.68
Why this setup works
Price exploded from accumulation showing strong demand. After the spike it didn’t dump it’s forming a tight range which usually signals continuation. Volume expanded on the move and sellers failed to push price back below support. Risk is clearly defined and reward outweighs it. I’m trading with momentum not against it.
JUV
0.787
-10.16%
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