VEON BreakoutVEON formed a clean ascending triangle with a flat resistance near $54.20 and rising demand from $49 to $53. Price has now broken above resistance with strength, confirming a bullish breakout.
This structure indicates supply absorption and a shift in control to buyers.
Trade Plan
Breakout zone: $54.20 – $54.40
Entry: Around $54.5 or on a pullback that holds above $54.20
Stop Loss: Below $53.20
Targets
Primary: $59 – $60
Extension: $62 – $64
This is a classic volatility expansion after compression.
This is for educational purposes only. Not financial advice.
