[pcabc]

Is this a textbook breakout or too good to be true? (Still learning)

You should not take my word as gospel on this as I've not fully cracked it.  However, the issue with this one is that you would need to wait for this to pull back before entering, it could pull back a long way.  The difficulty with pullbacks is you don't know how deep they are, but there is a reasonable likelihood of a pullback.

If the blue line is the 50 day / 10 week MA it is a long way above this.  The breakout in my view is about 3.7. To drop from 4.9 to 3.7 is 24%, so you could loose that before getting near any stop loss.

Also, when I checked, the spread was about 4%.  Therefore, ignoring other costs, you would be instantly 4% down if you bought this one.

There is the potential for a large loss here, in my view.