$BROCCOLI714 - Huge rise of 15%! But is a slowdown period coming?

Sharp increase from $0.03570 to $0.04400

Rejection at the peak followed by a strong decline in the wick

$BROCCOLI714 recorded a corresponding movement with gains exceeding 15%, but faced strong resistance at $0.04400. The long upper wick indicates a potential short-term exhaustion, although the trend remains bullish above the 7 and 25 moving averages.

Buy setup (after the pullback):

Entry price: $0.04120

Targets:

1: $0.04350

2: $0.04480

Stop loss: $0.03980

If the price stabilizes above $0.04000, bulls may resume the rise to continue climbing.

Watch for a bounce near the 7-year moving average to confirm re-entry.

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