Reddit (
RDDT) has broken out above the Ichimoku Cloud on the daily chart, signaling a potential shift in trend. Momentum is building with MACD pushing higher and no signs of divergence, showing continued strength. While this trade offers a solid 2.1 risk/reward setup (entry at $134.14, stop at $108.80, target at $188.34), the current entry is not ideal—price is extended from support, and the breakout has already moved significantly. However, the structure still points to bullish continuation. If RDDT can hold above the $130–$135 zone, there’s room to run into the $180s and potentially beyond. A pullback toward the breakout zone would offer a stronger entry, but the upside here remains attractive for a swing trade. This setup is best approached with smaller size or added confirmation if chasing.
RDDT) has broken out above the Ichimoku Cloud on the daily chart, signaling a potential shift in trend. Momentum is building with MACD pushing higher and no signs of divergence, showing continued strength. While this trade offers a solid 2.1 risk/reward setup (entry at $134.14, stop at $108.80, target at $188.34), the current entry is not ideal—price is extended from support, and the breakout has already moved significantly. However, the structure still points to bullish continuation. If RDDT can hold above the $130–$135 zone, there’s room to run into the $180s and potentially beyond. A pullback toward the breakout zone would offer a stronger entry, but the upside here remains attractive for a swing trade. This setup is best approached with smaller size or added confirmation if chasing.İşlem aktif
Trade still active
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.