Key Zones & What I’m Watching:
Breakout Zone:
The downtrend (purple) has been broken. Price is consolidating above the 20SMA, first sign of a trend reversal.
If we get a daily close above $330–$340, bias flips strong bullish.
Support Zone:
$300–$310 is key support, anchored by prior structure and just above the 20SMA.
Losing this zone invalidates the long idea, simple as that.
ATR Stop Zone:
System-calculated stop loss just below recent swing lows ($299–$305).
No room for hope-trading here—if price closes below, get out.
First Target / TP Zone:
$350–$370, aligning with the green channel and projected ATR band targets.
This is the first trouble area to partial out or move stop to breakeven.
Secondary Target Zone:
$400+ if bulls really get going—watch for resistance at the prior May spike.
No-Trade/Mixed Zone:
If price gets choppy between $310–$330, sit on hands. Wait for clean resolution above/below levels.
Plan:
Entry on strong close above range/high-volume reclaim of $330–$340
Stop below $299–$305
TP1: $350–$370
TP2: $400+ (runner only if momentum is there)
Notes:
I use only price action, 20SMA/200SMA, and ATR-based stops/targets.
No FOMO—wait for the setup to confirm.
Full risk management always: size positions accordingly, don’t marry a trade.
Let me know if you spot something I missed or if you’re playing it differently—always down for a constructive convo!