A strong breakout structure is forming on RITUAL, with price pushing hard after a 41% upward expansion. Volume is clearly driving the move, but buying the top of a massive green candle is poor execution. The highest probability setup is a retest of the $0.022-$0.023 area, which should now act as a fresh demand zone. If buyers step in there, the next leg up begins.
EP
$0.0220 - $0.0235
TP
$0.0270
$0.0300
$0.0340
SL
$0.0195
A successful retest and hold above $0.023 would set the stage for a continuation higher. A decisive breakdown below $0.0195 would ruin the bullish market structure and put sellers back in control.
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