$XYZ BULLISH BREAKOUT LOADING – MAJOR SUPPORT RESPECTED, NEXT WAVE COMING! 🚀

🔍 Technical Analysis Breakdown:

Current Price: ~$29.71

The chart shows the price bouncing strongly from the MAJOR SUPPORT ZONE around $25.00–$26.00, indicating solid buying interest.

Price action has respected the Fib 0.618 retracement zone and is consolidating above it, suggesting accumulation before the next leg up.

Immediate Resistance: $31.91 (Marked as "WATCH OUT" zone)

Major Resistance Zones:

$36.21 (Fib 1.236 extension)

$40.77 (Fib 1.382 extension)

$47.13 (Potential extended target)

📈 Trade Setup (LONG Entry):

Entry Zone: $29.50 – $30.00

Take Profits:

TP1: $31.91

TP2: $36.20

TP3: $40.75

Stop Loss: $27.20 (below support & 0.618 Fib zone)

📉 Market Outlook:

Momentum is building up from the bottom as price respects the trend and moving averages. Buyers are showing strength, and a breakout above $31.91 could trigger a strong move upward. The green projection arrow indicates a bullish forecast for July–August, aligning with cyclical timing.

⚠️ Risk Management:

Use 2-3% max risk per trade, set stop loss properly, and scale out profits at key levels to protect gains.

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$XYZ