$PLANCK BULLISH BREAKOUT SETUP
The chart structure shows a clear shift in momentum as price has broken above its recent consolidation zone with increasing volume confirmation. The breakout suggests buyers reclaiming control, forming a higher-low structure and aiming toward the next liquidity pockets overhead. Momentum indicators reflect strengthening upside pressure, while moving averages are beginning to slope upward, signaling trend continuation potential.
ENTRY (LONG):
Look for a clean retest of the breakout zone before confirmation of continuation.
TARGETS (TP):
• TP1: First liquidity shelf above the breakout
• TP2: Mid-range resistance
• TP3: Major resistance zone aligned with the broader trend projection
STOP LOSS (SL):
Place below the breakout retest zone or below the most recent higher-low structure.
RISK MANAGEMENT:
Risk a small, fixed percentage per trade, avoid overexposure, and trail stops as targets are hit.
#TechnicalAnalysis #CryptoChart #PriceAction #BreakoutSetup #RiskManagement $PLANCK