🧠 **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
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Penafian
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Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.