$THE IS CONSOLIDATING ABOVE THE BREAKOUT ZONE – BUYERS STILL IN CONTROL 🔥
Entry: 0.0665-0.0680 🔥
Target: 0.0715 🚀
Stop Loss: 0.0638 ⚠️
Price ripped through resistance and is now pulling back into the breakout area near 0.0640-0.0650. That zone has held as support on the retest, and the structure suggests this is a textbook post-breakout liquidity grab. The 4H candle just closed with a wick off that level — buyers are defending with volume.
If the consolidation holds above 0.0650, the next leg toward 0.0715 is the minimum expectation. The risk-to-reward here makes sense for a swing entry, but only if the support holds. Are you adding to size on the retest or waiting for a cleaner sweep below 0.0640?
Not financial advice. Always manage your risk.
#THE #LongSetup #Breakout #Consolidation
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Entry: 0.0665-0.0680 🔥
Target: 0.0715 🚀
Stop Loss: 0.0638 ⚠️
Price ripped through resistance and is now pulling back into the breakout area near 0.0640-0.0650. That zone has held as support on the retest, and the structure suggests this is a textbook post-breakout liquidity grab. The 4H candle just closed with a wick off that level — buyers are defending with volume.
If the consolidation holds above 0.0650, the next leg toward 0.0715 is the minimum expectation. The risk-to-reward here makes sense for a swing entry, but only if the support holds. Are you adding to size on the retest or waiting for a cleaner sweep below 0.0640?
Not financial advice. Always manage your risk.
#THE #LongSetup #Breakout #Consolidation
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