Bullish Reversal Setup SMCI!

📊 Falling Wedge Breakout Forming 🚀
SMCI is showing signs of a bullish reversal after a strong downtrend. Price is consolidating inside a falling wedge pattern and now testing support near $36.55. This setup offers a high reward-to-risk opportunity for an upside breakout.

✅ Trade Plan (Long Position)
• Entry: Above $37.05 (wedge breakout confirmation)
• Stop-Loss: Below $35.44 (structure support + wedge base)

🎯 Take Profit Targets:
• TP1: $39.82 (key resistance zone)
• TP2: $43.32 (major recovery level)
• TP3: $44.00+ (extended upside zone)

📈 Risk-Reward Breakdown
• Risk: $37.05 - $35.44 = $1.61
• Reward to TP1: $2.77 → ~1:1.7
• Reward to TP2: $6.27 → ~1:3.9
• Reward to TP3: $6.95 → ~1:4.3
💡 Strong potential with price bouncing near demand + wedge breakout.

🔍 Technical Analysis
✅ Falling Wedge Pattern: Classic bullish reversal setup
✅ Support Zone: Horizontal and diagonal support at $36.55
✅ Volume Check: Monitoring for spike as confirmation
✅ Price Action: Buyer reaction visible near lower trendline

🧠 Strategy & Risk Management
• Wait for a 30-min candle close above $37.05 to confirm breakout
• Move SL to breakeven after hitting TP1 at $39.82
• Take 50% profit at TP1, ride remaining position toward TP2 & TP3
• Protect gains with a trailing stop on higher timeframe

📚 Value for Traders:
This setup is a great example of how falling wedges often signal trend exhaustion. Combined with support and declining volume, it suggests a shift in momentum. Breakouts from such structures can be explosive when confirmed with price and volume.

⚠️ Risk Factors
❌ Weak breakout without volume
❌ Breakdown below $35.44 invalidates the setup
✅ Focus on execution and not prediction

🎯 Final Thoughts
High-probability long opportunity on a quality setup.
Follow the plan. Stick to the levels. Let the chart lead the way. 📈

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