Jan 15 (edited) • TRADE LOGS
📈 *Never stopped* removing buystop* BULL – Breakout Setup (Momentum / Squeeze Play) (Buy Stop at $8.70)
BULL has been coiling for days inside a tight range after a long downtrend, and the structure is finally tightening enough to matter.
What I’m watching:
- Price is compressing under descending resistance on both the 1H and 4H
- Volume has dried up → classic volatility compression
- RSI is holding mid-range (not overbought), leaving room for expansion
- Value + volume nodes are stacked right above current price, meaning if it breaks, it can move fast
This is a pure odds-based momentum setup, not a prediction.
🎯 Buy Stop Plan (important)
I’m not buying in the middle of the range.
👉 Preferred buy stop: At $8.70 or higher and stop loss at $8.00 if executed
That level clears:
- Descending trendline resistance
- Local range high
- Confirms buyers are actually stepping in
If price cannot reclaim and hold above this zone, I’m not interested.
🚀 Upside Scenario
If BULL breaks and holds:
- Initial momentum target: 9.50
- Squeeze continuation target: 10.50–11.00
Above 8.6, odds shift from chop → trend expansion.
⚠️ Risk Notes
- This is a high-volatility name
- False breakouts are common
- Use buy stops, not market buys
- Size appropriately — this is momentum, not conviction
If it breaks → we rideIf it fails → we stay flat
No need to be early. Let price confirm.
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📈 *Never stopped* removing buystop* BULL – Breakout Setup (Momentum / Squeeze Play) (Buy Stop at $8.70)
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