$MediaTek

Market Structure Change: The market has clearly shifted from a sustained downtrend to a bullish reversal; price aggressively broke out of the lower consolidation zone after bottoming out around 3,115.00, reclaiming the 3,725.00 level and now challenging the previous structural highs near 4,070.00.

K-Line Analysis: The current 1-hour candle is an extremely powerful, near-marubozu bullish candle with a massive +9.88% move, closing near its absolute high (3,725.00) with a wide range of 8.11%; the price has decisively punched through the short-term MAs (MA5, MA10, MA30) and is now testing the MA60 (3,867.41) as immediate resistance.

Trading Plan: Given the explosive momentum, I would wait for a minor pullback or consolidation (a "flag" or "bull flag" formation) between 3,550–3,650 to enter a long position, targeting the 4,070.00 resistance, with a strict stop-loss below the recent swing low of 3,400.00 to protect against a failed breakout.

My Prediction: I predict that the price will likely face heavy resistance near the MA60 (3,867) and the psychological 4,000 level; however, if it holds above 3,600, the bullish momentum should carry it to retest the 4,070.00 prior high.

What trade plan I follow and why: I follow a momentum breakout + pullback strategy; I choose this because chasing a +9.88% candle is too risky, but buying the retest of the broken resistance (now support) aligns with the MACD's bullish crossover (DIF > DEA) and the massive green histogram, confirming strong buying pressure.

When I start my trade: I start my trade only after the current 1-hour candle closes and the next candle shows a clear rejection of lower prices (a bullish hammer or inside bar) near the 3,600-3,700 zone, or upon a confirmed breakout above the MA60.

Candlestick Pattern: The dominant pattern is a Bullish Engulfing / Massive Momentum Candle that has engulfed the previous several days of price action; the small green squares on the MACD histogram indicate an accelerating bullish trend.

Final Verdict: Strong Bullish Bias, but be wary of Night Trading liquidity risks; the market is screaming higher, but you must wait for the 1-hour close to confirm the 3,725 level holds as new support before committing capital.