$CRWD – Flat Top Breakout Setup

CrowdStrike (CRWD) is setting up for a flat top breakout, mirroring the clean structure we’re seeing in ZS and other cybersecurity leaders. The entire software/cyber sector looks primed — but I’m approaching this one with some risk awareness.

🔹 The Setup:

Price is consolidating just under resistance, forming a textbook flat top breakout.

Structure and rhythm look nearly identical to ZS, both coiling for potential continuation.

Risk zone: $500 — that’s my line in the sand.

🔹 Sector Context:

Software and cybersecurity names are leading again — PANW, ZS, and even SNOW are all shaping up nicely.

When the group moves together, follow-through tends to be stronger.

🔹 Market Context & Risk Adjustment:

The market’s been choppy the last two weeks, with crosscurrents and failed breakouts creeping up.

In environments like this, I size down — for example, if I’d normally risk $1,000, I’ll go $500 instead.

Still trading the setup, but keeping flexibility if momentum stalls.

🔹 My Trade Plan:
1️⃣ Entry: Breakout through the flat top with volume confirmation.
2️⃣ Stop: Below $500 — tight structure, clear invalidation.
3️⃣ Position Sizing: Half-size risk due to recent market chop.

Why I Like It:

Strong structure + sector strength = valid setup.

Market risk acknowledged, position sized accordingly.

CRWD remains a sector leader — when this name moves, the rest follow.

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