$VIC has broken out of a multi-hour ascending accumulation pattern on the 1H chart, exploding from the 0.0365–0.0380 range to a high of 0.0468. The breakout candle came with a sharp volume expansion, confirming strong buyer participation. Price is now holding at 0.0439 after a brief rejection from the peak.
Setup:
• Entry: 0.0425 – 0.0440
• Target 1: 0.0468
• Target 2: 0.0500
• Target 3: 0.0550
• Stop-loss: 0.0400
Analysis:
VIC spent several hours forming a rounded accumulation base before triggering a vertical breakout above 0.0390 resistance. RSI at 88.67 signals overbought conditions, but the strength of the breakout suggests momentum remains with the bulls. Holding above 0.0420 would keep the breakout structure intact, while a clean move above 0.0468 could start the next expansion leg higher.
Trade
#VIC here
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