$IONQ – Breakout Watch at $48 After Months of Consolidation

has been basing since January, quietly marinating under the $48 level — and now we’re approaching the trigger zone. Technically, it’s a great setup. But context is everything.

🔹 The Setup

Multi-month base under $48 — a breakout above that level could release serious energy.

The structure is clean, and the volume profile is tightening — signs that something is brewing.

🔹 My Concerns (Let’s Keep It Real):

Price action has been weak — this stock hasn’t traded clean lately.

Late-cycle behavior: Even A+ setups have been failing lately — breakouts aren’t sticking like they should.

Market conditions matter: I need to see risk-on confirmation from , , , and crypto names before trusting this breakout.

🔹 My Trade Plan:
1️⃣ No Anticipation Here: Only trading this on A+ intraday setup — strong volume, clean trigger through $48.
2️⃣ Risk Control: Tight stop — can’t give it room in this tape.
3️⃣ Market Check: I want to see risk-on flows:
✅ strong
✅ green
✅ & crypto names moving
✅ Speculative names showing juice

Why I’m Watching It Anyway:

Long base = stored energy

If the market flips risk-on and catches a bid, this could move fast

But patience is key — not every setup needs to be taken

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: