$NET: Breakout attempt into prior resistance ā waiting for retesCloudflare Inc Class ABATS:NETMyViewLabNET Cloudflare (NET) is testing a key prior resistance/supply zone on the daily chart. Price recently pushed into the previous high area with improving momentum, but I would not call this a confirmed breakout yet. At this stage, it looks more like a breakout attempt than a fully validated move. What Iām watching: Upper resistance / supply zone: This is the key area price needs to reclaim and hold above. Retest zone: If price pulls back and holds the prior breakout area, that would strengthen the bullish case. Lower support zone: If the retest fails, price may rotate back toward the lower support region. Market Scenarios: š¢ Bullish scenario: If NET can hold the retest and then push back above the resistance zone with follow-through, this breakout attempt could turn into a confirmed breakout. š” Neutral scenario: Price may consolidate between support and resistance for a few sessions before choosing a direction. š“ Bearish scenario: If price loses the retest area and falls back into the prior range, this would increase the chance that the recent move was a failed breakout (fake-out). My view: The trend is improving, but I prefer to see confirmation after a retest rather than chase the first push into resistance. (Not financial advice. Just sharing chart structure and price-action levels.)