Setup Summary
Rising wedge structure forming since late June. Price recently pulled back to test support at ~$144–145, where the rising trendline intersects horizontal structure.
Momentum remains bullish: The prior move from $110 to $165 was impulsive, and this consolidation appears corrective so far.
Volume profile (VPVR) shows a thin liquidity zone between $150 and $172, suggesting a strong move is likely if the $150 level is reclaimed.
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🎯 Target Zones
Target Level Rationale
1st Target $169 Matches wedge breakout projection + aligns with prior IPO supply and volume gap resistance.
2nd Target $177 Psychological round number + coincides with IPO opening print and the highest rejection wick seen so far.
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🛠️ Trade Plan
Component Level
Trigger Entry on bounce from $144 or breakout/reclaim of $150.
Invalidation Close below $142 breaks wedge structure.
TP-1 $172 – take 50–70% off, move stop to breakeven.
TP-2 $185 – runner target; exit if price shows rejection.
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⚠️ Risk Notes
Wedge patterns can fake out — wait for confirmation (e.g. a 4H bullish engulfing or volume reclaim above $148–150).
Earnings or lock-up expiration could introduce volatility (check calendar).
If support at $143 fails, look for next demand at $134–135 (prior breakout base).
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✅ Checklist
[x] Structure: Rising wedge in uptrend
[x] Support: Held above previous breakout zone
[x] Volume profile: Favorable thin zone toward $172
[x] Risk defined below $142
> Disclaimer: This idea is for educational purposes only. Trade your own plan and always use proper risk management.
Rising wedge structure forming since late June. Price recently pulled back to test support at ~$144–145, where the rising trendline intersects horizontal structure.
Momentum remains bullish: The prior move from $110 to $165 was impulsive, and this consolidation appears corrective so far.
Volume profile (VPVR) shows a thin liquidity zone between $150 and $172, suggesting a strong move is likely if the $150 level is reclaimed.
---
🎯 Target Zones
Target Level Rationale
1st Target $169 Matches wedge breakout projection + aligns with prior IPO supply and volume gap resistance.
2nd Target $177 Psychological round number + coincides with IPO opening print and the highest rejection wick seen so far.
---
🛠️ Trade Plan
Component Level
Trigger Entry on bounce from $144 or breakout/reclaim of $150.
Invalidation Close below $142 breaks wedge structure.
TP-1 $172 – take 50–70% off, move stop to breakeven.
TP-2 $185 – runner target; exit if price shows rejection.
---
⚠️ Risk Notes
Wedge patterns can fake out — wait for confirmation (e.g. a 4H bullish engulfing or volume reclaim above $148–150).
Earnings or lock-up expiration could introduce volatility (check calendar).
If support at $143 fails, look for next demand at $134–135 (prior breakout base).
---
✅ Checklist
[x] Structure: Rising wedge in uptrend
[x] Support: Held above previous breakout zone
[x] Volume profile: Favorable thin zone toward $172
[x] Risk defined below $142
> Disclaimer: This idea is for educational purposes only. Trade your own plan and always use proper risk management.
VM
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。