Momentum shift: bulls take control with the clean break out

After a consolidation and indecision phase, price eventually broke out of the range with good bullish momentum, signifying a probable continuation of the trend. The breakout candle closed above the resistance level, making it a new support area (entry zone). This is in line with prior structure and volume accumulation.

Entry Zone: 3,258 – 3,261

Stop Loss (SL): Below 3,255 to guard against false breaks

Take Profit 1 (TP1): 3,264 (important resistance re-test)

Take Profit 2 (TP2): 3,267 (former swing high)

This setup has a good risk-reward and is consistent with the sentiment after a liquidity pull from lower levels.

Reminder: Wait for a small retracement or confirmation prior to entry to minimize drawdown. Suitable for breakout traders who want to capture momentum early.