$UROY just completed a textbook retest of its symmetrical triangle breakout, showing strong technical confirmation as price reclaimed yesterday's resistance level and transformed it into new support. This is the kind of price action that typically signals continuation potential.
Right now, the buyers have the upper hand. The breakout structure remains intact—as long as that support zone doesn't crack, the path of least resistance points higher. Any pullbacks toward this level become potential entry opportunities rather than breakdown warnings.
The setup suggests a favorable risk-reward for those watching the upside, with pullbacks serving as healthy consolidation moves within an intact uptrend.
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DuckFluff
· 10h ago
Symmetrical triangle breakdown retest, I'm very familiar with this pattern. Just wait for the support to hold before taking off.
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FUDwatcher
· 10h ago
The analysis of the target is still quite clean, but I am more concerned about whether the support level can really hold, which is the key.
$UROY just completed a textbook retest of its symmetrical triangle breakout, showing strong technical confirmation as price reclaimed yesterday's resistance level and transformed it into new support. This is the kind of price action that typically signals continuation potential.
Right now, the buyers have the upper hand. The breakout structure remains intact—as long as that support zone doesn't crack, the path of least resistance points higher. Any pullbacks toward this level become potential entry opportunities rather than breakdown warnings.
The setup suggests a favorable risk-reward for those watching the upside, with pullbacks serving as healthy consolidation moves within an intact uptrend.