2 weeks ago, my guess for a breakout level was 4.3c.
The subsequent pullback offered sufficient chances to prepare for it and accumulate a useful position without going overboard.
Even if I had missed today's volume spike at 3.6c, an alert at 4c would have provided ample time to prepare for subsequent events - buy, hold, or take profit.
Once the gap left open in late August had been closed, I switched to a 1-minute chart. And I scrolled back through the last few years to see if I could find a white candle of comparable length that would give me a clue about follow-through or otherwise. As a result, I decided in favour of "otherwise".
Now we're back to the breakout level, and I'm beginning to look again for a buying opportunity. Only not just yet.
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