$BNC.US The breakout already happened. Now I'm watching for continuation, not chasing the move.
$BNC.US Current price sits at $2.972, up +4.80% over the last 24 hours, and the market is showing signs of holding its gains after a strong impulsive rally. Instead of giving everything back, price is consolidating above the higher moving averages, which is exactly what I like to see after an explosive move.
The key support zone I'm watching is $2.924โ$2.972. As long as buyers continue defending this area, the trend remains constructive. On the upside, the immediate resistance is $2.988, followed by the recent session high at $3.103. A clean break above that level could open the door for another momentum leg.
The volume surge that launched this move tells me real liquidity entered the market, and the current tight price structure suggests that supply is being absorbed rather than aggressively sold. I entered early, I'm still holding my position, and I'm watching this consolidation closely. If buyers reclaim $3.103 with strength, I believe $3.20+ becomes a realistic upside objective. ๐
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