Boom 300 Index (1H) – Range-Bound Market Awaits BreakoutOn average 1 spike occurs in the price series every 300 ticksDERIV:BOOM_300_INDEXSir_Stylez_Boom 300 Index is currently trading in a sideways consolidation after failing to sustain the strong bullish momentum that drove price to the recent swing high near 1,210. The market has transitioned into a range, with buyers and sellers battling for control between well-defined support and resistance levels. Technical Analysis After a strong impulsive rally, price reached a Higher High (HH) around 1,210, where sellers stepped in aggressively. The rejection triggered a sharp decline toward the 1,050 support zone, where buyers prevented further losses. Since then, the market has been moving sideways, repeatedly respecting: Resistance: 1,120–1,130 Support: 1,050–1,060 This consolidation indicates that the market is building energy before its next directional move. Until one of these boundaries is broken, short-term price action is likely to remain choppy.