MDB · 4H — Ascending Triangle Breakout Toward $224 → $231
Setup Breakdown
Ascending triangle breakout: Price has been coiling just under $212 while making higher lows since mid-June.
This 4H candle confirms a bullish breakout with solid volume, suggesting a fresh momentum leg is underway.
The triangle projects a measured move toward $224–$225, with room to extend into Fib confluence at $231.
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🎯 Target Zones
Target Level Reason
Target-1 $224.62 (50% Fib) Measured-move projection from triangle base to breakout + minor resistance shelf.
Target-2 $231.28 (61.8% Fib) Prior breakdown area + strong Fibonacci confluence + low-volume area on VPVR.
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🛠️ Trade Plan
Component Level
Trigger Confirmed breakout above $212 — long bias active.
Retest Entry Watch for a bullish retest of $212–213 (former resistance turned support).
Stop-loss Close < $209 = breaks rising structure.
TP-1 $224 — take 50–70%, trail stop.
TP-2 $231 — final exit unless volume surges.
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⚠️ Risk Notes
Earnings scheduled July 25 (AMC) — options market may begin pricing in volatility.
If no follow-through above $218, consider scaling out early.
Volume must stay strong to sustain through the VPVR gap zone.
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✅ Idea Checklist
[x] Bullish breakout from defined structure
[x] Volume profile favors continuation
[x] Clean Fib-based targets with low resistance ahead
[x] Risk clearly defined below $209
[x] Earnings awareness in place
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> Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade your own plan and manage risk appropriately.
Setup Breakdown
Ascending triangle breakout: Price has been coiling just under $212 while making higher lows since mid-June.
This 4H candle confirms a bullish breakout with solid volume, suggesting a fresh momentum leg is underway.
The triangle projects a measured move toward $224–$225, with room to extend into Fib confluence at $231.
---
🎯 Target Zones
Target Level Reason
Target-1 $224.62 (50% Fib) Measured-move projection from triangle base to breakout + minor resistance shelf.
Target-2 $231.28 (61.8% Fib) Prior breakdown area + strong Fibonacci confluence + low-volume area on VPVR.
---
🛠️ Trade Plan
Component Level
Trigger Confirmed breakout above $212 — long bias active.
Retest Entry Watch for a bullish retest of $212–213 (former resistance turned support).
Stop-loss Close < $209 = breaks rising structure.
TP-1 $224 — take 50–70%, trail stop.
TP-2 $231 — final exit unless volume surges.
---
⚠️ Risk Notes
Earnings scheduled July 25 (AMC) — options market may begin pricing in volatility.
If no follow-through above $218, consider scaling out early.
Volume must stay strong to sustain through the VPVR gap zone.
---
✅ Idea Checklist
[x] Bullish breakout from defined structure
[x] Volume profile favors continuation
[x] Clean Fib-based targets with low resistance ahead
[x] Risk clearly defined below $209
[x] Earnings awareness in place
---
> Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade your own plan and manage risk appropriately.
VM
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.
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.