$Bullish(BLSH)$ Here's my game plan for $BULLISH after the +80% IPO pop and another +9% follow-through — quick, practical, and predictive:
What's driving it
Classic post-IPO momentum: tight float + algo demand + retail rotation into "new story".
Price now trades well above IPO reference and day-1 VWAP — momentum is intact but fragile.
Next catalysts: quiet-period expiry (~25–30 days post-IPO → analyst initiations), first earnings/metrics update, and any lock-up headlines (check the S-1; most are ~180 days but watch for early releases).
Levels I'm trading
Support (buy-the-dip zone): $64–66 (day-2 base / 5-day moving area). If reclaimed on rising volume → high-probability bounce.
Deeper support: $58–60 (gap body). Only nibble here with tight risk; loss of 58 = momentum broken.
Near resistance: $72–75 (intraday supply). First sell/trim zone for short-term traders.
Breakout trigger: Clear close > $78–80 with volume >1.5× avg → opens $90, then $97–100 magnet.
My positioning framework
Momentum trade: Starter now only if price holds >$66 with rising volume. Stop: $63.80. Targets: $72 → $78 → $90.
Patience trade: Prefer a pullback to $64–66 to add; trim 1/3 into $72–75, trail the rest.
Breakout trade: Add on > $80 close; partials at $90 and trail for a $100 attempt.
No-chase rule: If it gaps straight to $78–80 at open, wait for a 15–30 min VWAP retest before touching.
Risk to watch this week
Failing momentum (back below $66 on heavy volume) → expect a $60 test.
Lock-up/secondary chatter can slam premiums quickly; keep size modest (≤ 2–3% of portfolio for trades).
Bottom line: I'm constructive toward $90 near-term and a $97–100 shot only after a clean >$80 breakout. Until then, it's a trade — don't marry the ticker, marry your levels.
I'm not a financial advisor. Trade wisely, Comrades!
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