Figma entry level after IPO ?
I’m waiting for ~$60 ±2–3 for a patient swing entry.
Why $60?
1. Typical post-IPO retrace: Hot IPOs often give back 40–60% of the day-1 close. From $60**—a “natural” cool-off zone.
2. Better risk/reward: At $60, upside to $100–115 is +67–90%, while downside toward the $33 IPO is ~–45%. That’s a more sensible R/R ~1:1.5–2.0 than buying mid-range.
3. Psychology & liquidity: Round numbers attract orders. Many funds prefer to enter after the first profit-taking wave, when price better reflects risk.
Execution plan
Scale in: $62 / $60 / $58 (three equal tranches).
Invalidation: Weekly close < $55 → step aside/reassess.
Targets: $80 → $100 → $110 (take profits in steps; move stop to breakeven after the first target).
If $60 never comes: wait for a confirmed reclaim > $100 on strong volume (a “strength” entry instead of a dip buy).
*This is a swing plan, not investment advice. I’ll update if levels or catalysts change.*
Short