🧠 **Idea Summary:
Mustang Bio (NASDAQ: MBIO)** surged on extreme volume and is now forming a potential continuation base above prior resistance. If current consolidation holds, there’s a high-probability move toward the next resistance levels near $6.40 and $7.00. Breakout traders should monitor price action closely.
🧱 Key Technical Levels:
Support Zone: $2.87 – $3.13
Current Price: $3.34
Immediate Resistance: $4.44
Target Zone: $6.43 – $7.08
Invalidation Level: Below $2.87
🔁 Trade Setup:
Entry Zone: $3.20 – $3.40
Stop-Loss: Below $2.85
Target 1: $4.44
Target 2: $6.43
Target 3: $7.08
Risk-Reward Ratio: Approx. 1:3+
📌 Observations:
Massive breakout candle with sustained volume
Strong multi-month base breakout
Volume >17M confirms strong interest
Clean levels for breakout and risk control
📅 Watchlist Triggers:
Break and hold above $3.40 on volume
Pullback retest to $3.00 with hold = reentry
Failure to hold $2.85 = setup invalid
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.