Current Market Snapshot:

Price: $97.78

Trend: Bullish recovery from April lows

Volume: Gradually decreasing on recent candles after a strong uptrend

Structure: Higher highs and higher lows in May, showing a clear uptrend

📊 Technical Analysis:
🔹 Trend Momentum

Strong breakout from ~$70 with consistent bullish candles

Currently facing resistance near $100–$105 (last consolidation range from February)

🔹 Volume

Volume spike during the move from $70 to $100

Decreasing volume during consolidation = potential continuation if buyers return

🔹 Candle Pattern

A few small-bodied candles near recent highs suggest indecision / possible pullback before continuation.

🔹 Key Levels

Resistance: $100–$105

Support: $90, then $83

Breakout Zone: Above $105 could open the path to $120–130

Pullback Buy Zone: $88–90 if price retraces with low volume

🚦Signal Strategy
📈 Bullish Signal (Continuation Play):

Entry: Break and close above $100 with volume > 30K

Target 1: $110

Target 2: $120

Stop-loss: $94

🔁 Pullback Entry (High R/R Setup):

Entry: Buy at $88–90 zone on lower volume pullback

Confirmation: Bullish reversal candle (e.g., hammer) near support

Target: $100–105

Stop-loss: $84

🧠 Risk Management

Risk per trade: 1–2% of capital

Use trailing stop-loss if entering above $100 for extended moves

Avoid trading if candle closes below $83 with strong volume — trend may be reversing.