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$GOOGL is showing clear breakout signals as the price surpasses a key resistance zone with strong momentum. Consecutive bullish candles along with improved volume indicate that the buyers are fully in control and dominating the short-term trend.
After a period of tight accumulation, this breakout is considered a “clean breakout” – a decisive break with minimal noise. If the price stays above the breakout zone, the likelihood of the uptrend continuing is very high.
📈 Proposed trading strategy (Long):
⟶ Entry zone: 380 – 392
⛔ Stop Loss: 368
• Take Profit 1: 410
• Take Profit 2: 435
• Take Profit 3: 460
In case the price slightly retraces to the entry zone and maintains the higher low structure, this could be a good opportunity to follow the trend. However, if the price drops below 368, the short-term bullish structure will be broken, and risk management should be strict.
Overall, the current trend still favors the buyers, prioritizing a trend-following strategy until clear weakening signals appear.