Dear my Loyal Folower.....$BROCCOLI714
Price has completed a strong impulsive move and is now consolidating above the previous breakout zone. The structure remains bullish with higher highs and higher lows, indicating continuation rather than reversal.
Trend & Momentum:
Momentum is still in favor of buyers after a high-volume expansion. The current consolidation looks like a bullish flag, suggesting the market is building energy for the next leg up.
Key Levels:
Resistance zone is being tested after a healthy pullback
Former resistance has flipped into support, confirming bullish control
Trade Plan (LONG SETUP):
Entry: On confirmation above the consolidation high
TP 1: First resistance zone
TP 2: Upper liquidity zone from the previous impulse
TP 3: Trend extension target based on measured move
SL: Below the consolidation support / last higher low
Bias: Bullish – continuation expected as long as support holds
Risk Management:
Risk only a small portion of capital per trade, keep a minimum 1:2 risk-to-reward ratio, and move stop loss to breakeven after TP1 is secured.
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