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CU6 Price Structure: Reversal Base Formation & Breakout Channel Setup
Charting CU6's recent price action reveals a textbook reversal base pattern taking shape. The asset is consolidating at key support levels before potentially staging a breakout through the resistance channel. Traders watching this setup should monitor:
• Consolidation zone stability (support holding)
• Volume confirmation on breakout attempts
• Channel upper boundary as initial resistance target
The formation suggests an emerging bullish bias if breakout momentum follows through. This classic technical setup often precedes meaningful directional moves—worth keeping on your radar for entries or position adjustments.