Technical analysis by Mozart-BTC about Symbol SC: Buy recommendation (1/6/2024)

Update idea T=0.016T2=0.022The breakout: This is the initial movement where the price breaches a significant support or resistance level. It's essential to look for signs of genuine momentum and increased trading volume during this phase to validate the breakout.The retest: Following the breakout, the price retraces back to the level it previously broke through.The reversal: This is price action confirmation that broken resistance has turned into support (in the case of a bullish breakout) or broken support has turned into resistance if the (in the case of a bearish breakout). The confirmation comes in the form of a reversal candle. Typical reversal candles are long-tailed hammer or pin-bar candles, but they can also be engulfing candles or multi-candle reversal patterns.