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Market Status: Breakthrough achieved
Strength: Price quickly surged after bottoming at 2,157, directly piercing the midpoint of the past 24 hours' fluctuations.
Volume and Price: The last 15-minute candlestick was accompanied by significant volume, reaching 2220, which is a very standard bullish breakout signal.
Resistance Turned Support: The previous resistance level at 2215 (near the current closing price) is undergoing a retest for confirmation.
Entry Point: It is recommended to wait for the price to be in the 2210 - 2215 range. If the next candlestick closes above 2215, it can be considered a valid breakout.
Target Levels:
Short-term: 2240 (the pressure zone near the previous high).
Mid-term: 2270
Stop-Loss: 2190. If the price falls back below 2190, it indicates this breakout was a false breakout and a trap.
Preventing False Breakouts: Watch out for selling pressure around 2225. The chart shows that after reaching the highest point at 2225, a long upper shadow was left, indicating profit-taking orders above.