$SIGN This 4-hour chart trend:
Looking closely at the market, this stock has gone through a long period of triangular oscillation and formed a standard symmetrical triangle pattern. This classic formation usually indicates an upcoming change in direction.
The key breakout has arrived! After multiple attempts, it has finally surged past the upper resistance line with increased volume, and the volume-price correlation shows that the bulls are starting to gain strength, with buying momentum significantly enhanced.
Although the Stoch RSI indicator has already soared into the overbought zone (72.35/85.08), there is still some inertia for a short-term upward push.
However, it is important to note that while high indicators do not immediately mean a drop, one should be aware of the risk of a pullback. The overall upward trend has become quite clear.
Such triangular breakouts often have strong momentum, and if it can stabilize above 0.08850, the next step is likely to challenge the 0.10000 integer level, or even sprint towards higher price levels!
