FIGMA INC – Bullish Continuation Setup (30m Timeframe)

📈 FIGMA INC – Bullish Continuation Setup (30m Timeframe)

Current Price: $117.25
Previous Close: $109.59
Intraday Move: +6.99%


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🔍 Technical Breakdown:

Massive Bullish Surge: FIGMA recently witnessed a strong breakout with a long bullish candle, indicating aggressive buying and possible news or earnings catalyst.

Support Zone: The initial rejection and recovery near the $108.60 level suggest this as a potential short-term support. Price did not break lower, forming a strong base.

Bullish Flag / Continuation Pattern: The current consolidation after the spike resembles a bullish flag or a rounded pullback, typically a continuation signal.

Ichimoku Cloud: Active on the chart, though not fully visible — Ichimoku trend settings (9, 26, 52) suggest momentum is strong. Price is likely trading above the cloud, a bullish sign.



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📊 Forecast & Price Projection:

If the price sustains above the $115.50–$117.00 zone:

Immediate Resistance: $124.60

Breakout Target (measured move): $132–135 range

Mid-term Target: $145–150 if momentum continues and volume confirms



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📌 Bias: Bullish


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🧠 Commentary:

This setup is a textbook example of momentum continuation following a volume-backed breakout. The consolidation is healthy and suggests buyers are preparing for the next leg up. Patience is key; a breakout above $124 may offer the next confirmation.


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🔔 Trade Idea (Not Financial Advice):

Entry: Break above $124.60

Stop Loss: Below $115.00

Target 1: $132

Target 2: $145