MDB · 4H — Ascending Triangle Breakout Toward $224 → $231

MDB · 4H — Ascending Triangle Breakout Toward $224 → $231


Setup Breakdown

Ascending triangle breakout: Price has been coiling just under $212 while making higher lows since mid-June.

This 4H candle confirms a bullish breakout with solid volume, suggesting a fresh momentum leg is underway.

The triangle projects a measured move toward $224–$225, with room to extend into Fib confluence at $231.



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🎯 Target Zones

Target Level Reason

Target-1 $224.62 (50% Fib) Measured-move projection from triangle base to breakout + minor resistance shelf.
Target-2 $231.28 (61.8% Fib) Prior breakdown area + strong Fibonacci confluence + low-volume area on VPVR.



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🛠️ Trade Plan

Component Level

Trigger Confirmed breakout above $212 — long bias active.
Retest Entry Watch for a bullish retest of $212–213 (former resistance turned support).
Stop-loss Close < $209 = breaks rising structure.
TP-1 $224 — take 50–70%, trail stop.
TP-2 $231 — final exit unless volume surges.



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⚠️ Risk Notes

Earnings scheduled July 25 (AMC) — options market may begin pricing in volatility.

If no follow-through above $218, consider scaling out early.

Volume must stay strong to sustain through the VPVR gap zone.



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✅ Idea Checklist

[x] Bullish breakout from defined structure

[x] Volume profile favors continuation

[x] Clean Fib-based targets with low resistance ahead

[x] Risk clearly defined below $209

[x] Earnings awareness in place



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> Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade your own plan and manage risk appropriately.