Bullish Means Higher: Bullish Zone

Good afternoon my fellow trader, we have two distinctive features on this chart. Mainly two signals that interests us.

A rising trend coupled with rising volume.
Price action moving above long-term resistance.

In April 2024 ENAUSDT (Ethena) moved below the 1.04 - 1.11 price range. This level became a strong resistance.

This range was challenged earlier this month. Continues to be challenged and is now being broken. The action is happening above 1.11 (current price 1.15). This is the bullish zone. Closing above this range confirms the continuation of the bullish trend.

Bullish means higher.
Ethena is clearly moving within the bullish zone.

We can expect long-term growth based on a continuation of the current trend, market cycle and marketwide action. It is already happening.

Expect higher.

This is a very easy chart setup to trade.

The stop can be set below the blue line on the chart. Can be a fixed level or a range. I would buy and hold long-term because resistance is being broken, prices are rising and volume is going up.

All these are bullish signals.
The retrace is over.
Buy and hold.

Namaste.