1️⃣ Structure: Impulsive Breakout

This is a clean intraday expansion:

Strong vertical push from ~20.20 area

Higher highs, higher lows

MA60 (20.34) well below price → strong short-term trend

Minimal pullbacks

This is momentum-driven, not grind.

📊 2️⃣ Volume Confirmation

Big green volume spike during breakout

Volume MA(5) > MA(10) → acceleration

Final candle shows large red volume → first real supply showing up

That last red bar matters. It suggests:

Some profit-taking

Possibly late longs getting trapped if momentum stalls

📌 3️⃣ Key Levels

Resistance:

21.00–21.10 (psych + local high area)

Support:

20.70 (last breakout base)

20.50 (structure pivot)

20.30 (MA60)

If this holds above 20.70 on pullbacks, trend remains intact.

🧠 What Phase Is This?

This looks like Phase 2 momentum expansion — not exhaustion yet.

BUT…

Vertical moves without consolidation usually:

Either continue hard

Or retrace sharply

There is no base built above 20.70 yet.

🎯 Scenarios

Bullish Continuation

Holds 20.70

Consolidates tight

Push through 21.10

Next liquidity sweep likely above 21.50

Blow-Off + Retrace

Fails to hold 21

Fast drop to 20.50

Late longs exit

Given the 13% daily move, a pullback wouldn’t be unhealthy.

Order Book

57% bids vs 42% asks — relatively balanced.

This is NOT aggressive bid dominance. Move was driven by momentum buying, not deep stacked bids.