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$PHB 1h - Momentum Breakout
Bias: Long
Entry (Zone): 0.0840 - 0.0865
Targets:
TP1: 0.0900
TP2: 0.0955
TP3: 0.1010
Stop Loss: 0.0795
Why this Setup:
I want to trade the strong breakout candle and I’m looking for a continuation move if buyers hold above the breakout area. I’ll use the prior consolidation as support, and I expect momentum to extend toward the next resistance levels if volume stays elevated.