Reddit (RDDT) Bullish Opportunity – Oversold Bounce + Long-Term Reddit (RDDT) has plunged 54.40% in under 40 days, with the price now testing key technical levels. While the broader market is red today, this setup might offer a unique entry opportunity — whether to lower your average or build a long-term position.
Technicals are signaling early signs of reversal, supported by an uptick in momentum indicators.
🔍 Technical Highlights:
✅ Sharp bounce from recent lows (~$106)
✅ MACD bullish cross forming — momentum flipping
✅ RSI climbing from oversold territory
✅ First bullish daily Heikin Ashi candles post-selloff
✅ Price attempting to reclaim the 9 EMA
✅ Defined risk with tight stop just below recent support
📈 Trade Setup:
🟢 Entry Zone: $119-121 (current range)
🔴 Stop Loss: Below $104 (under recent swing low)
✅ TP1: $139 – psychological level & short-term resistance
✅ TP2: $166 – key breakdown zone
✅ TP3: $221 – Below the All Time High & major resistance
📊 Fundamental Tailwinds:
🔹 User Growth: Daily Active Users up 39% YoY to 101.7M
🔹 Ad Revenue Boom: +60% YoY in Q4, reaching $395M
🔹 Analyst Consensus: 20 analysts → 12 Buy, 6 Hold, 2 Sell
🔹 Average Price Target: $195.37 (➕ +56.37% Upside from current levels)
🔹 Strategic Moves: Partnership with Intercontinental Exchange for monetizing data
🔹 IPO Buzz & Momentum: Despite short-term weakness, Reddit remains one of the most followed and speculated post-IPO names
📌 Personally, I’m looking at this from a long-term perspective, but for those trading with leverage, the technical setup allows for tight risk management and structured take-profit levels.
Volatility creates opportunity — this might be one of them. Let’s see how it plays out. 💼🚀
