📝 Full Description (TradingView Post):
Ticker:
IONQTimeframe: 30-Min Chart
Trade Type: Long Reversal Setup
IONQ recently pulled back from a sharp rally and entered a consolidation phase, forming a descending trendline with horizontal support around the $39–$40 zone. Price is now showing signs of reversal from support, having just broken through short-term resistance at $40.58 with bullish structure.
This breakout sets the stage for a possible move toward the prior supply zone near $43.78, with a favorable risk/reward ratio.
🧠 Trade Plan:
Entry: $40.58 (confirmed breakout of consolidation)
Stop-Loss: $41.97
Target: $43.78
Risk/Reward: ~1:2
🔍 Technical Insights:
Breakout above falling resistance trendline
Small bullish pennant breakout within broader downtrend
Potential retest of breakout zone at $40.58
Setup forming a bullish divergence pattern
⚠️ What to Watch:
Watch for a retest of $40.58 — this could confirm the breakout level as new support
Price strength above $41.00 would further confirm upside momentum
Rejection at $41.97 would invalidate this setup
📈 Chart by ProfittoPath
Daily swing setups | Breakout levels | Smart entries
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.