$MBIO – Low Float Breakout Setup Toward $7+

🧠 **Idea Summary:
Mustang Bio (NASDAQ: MBIO)** surged on extreme volume and is now forming a potential continuation base above prior resistance. If current consolidation holds, there’s a high-probability move toward the next resistance levels near $6.40 and $7.00. Breakout traders should monitor price action closely.

🧱 Key Technical Levels:
Support Zone: $2.87 – $3.13

Current Price: $3.34

Immediate Resistance: $4.44

Target Zone: $6.43 – $7.08

Invalidation Level: Below $2.87

🔁 Trade Setup:
Entry Zone: $3.20 – $3.40

Stop-Loss: Below $2.85

Target 1: $4.44

Target 2: $6.43

Target 3: $7.08

Risk-Reward Ratio: Approx. 1:3+

📌 Observations:
Massive breakout candle with sustained volume

Strong multi-month base breakout

Volume >17M confirms strong interest

Clean levels for breakout and risk control

📅 Watchlist Triggers:
Break and hold above $3.40 on volume

Pullback retest to $3.00 with hold = reentry

Failure to hold $2.85 = setup invalid