📈Getting ready to start a new swing trade on SMCI, and I’ve mapped out my game plan with a tiered entry strategy and clear profit targets.
Here’s how I’m setting it up:
Entry Levels (Scaling In):
$40.50 – First buy if it pulls back to this area. Looks like solid support, and I’ll test the waters here.
$35.80 – Adding more if it dips further. This level has acted as a strong bounce zone in the past.
$30.60 – Final entry if it gets down here. Oversold territory + psychological level = great risk/reward.
Profit Targets (Scaling Out):
$47.00 – First target to take some profits off the table.
$51.60 – Second target — likely to see some resistance here.
$60+ – Stretch target. If the momentum is strong, I’ll hold a portion with a trailing stop and let it ride.
Game Plan: I’m staying patient with entries, letting price come to me. The idea is to build the position gradually and reduce risk by scaling in. I’ll also be keeping an eye on volume and broader market sentiment — if the setup changes, I’ll adapt.
Let’s see how it plays out — risk-managed, calm mindset, and ready to pivot if needed. 🚀
Here’s how I’m setting it up:
Entry Levels (Scaling In):
$40.50 – First buy if it pulls back to this area. Looks like solid support, and I’ll test the waters here.
$35.80 – Adding more if it dips further. This level has acted as a strong bounce zone in the past.
$30.60 – Final entry if it gets down here. Oversold territory + psychological level = great risk/reward.
Profit Targets (Scaling Out):
$47.00 – First target to take some profits off the table.
$51.60 – Second target — likely to see some resistance here.
$60+ – Stretch target. If the momentum is strong, I’ll hold a portion with a trailing stop and let it ride.
Game Plan: I’m staying patient with entries, letting price come to me. The idea is to build the position gradually and reduce risk by scaling in. I’ll also be keeping an eye on volume and broader market sentiment — if the setup changes, I’ll adapt.
Let’s see how it plays out — risk-managed, calm mindset, and ready to pivot if needed. 🚀
Trade active
Level $30 triggered Trade closed: target reached
$47.00 – reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.