SPOT almost lost my patience, wasting time on you..Community discussions
SPOT almost lost my patience, wasting time on you..
SPOT 🎯 Trade Setup OverviewAsset: SPOT (Spotify Technology S.A.) - NYSE
Direction: BULLISH 📈
Strategy Type: Swing/Day Trade
Setup Style: The Thief Method (Layered Entry Strategy)
🕵️ The Thief's Entry Plan
Instead of going all-in at once, we're using a multi-layered entry strategy to average into the position:
💰 Buy Limit Orders (Layer Your Entries):
Layer 1: $670.00
Layer 2: $680.00
Layer 3: $690.00
Pro Tip: You can add more layers or adjust based on your risk appetite and account size. Split your position across these levels for optimal risk management!
Alternative: Jump in at current market price if momentum confirms bullish continuation.
🛡️ Risk Management
⛔ Stop Loss: 650.00
This is the Thief's emergency exit! However, adjust your SL based on your own risk tolerance. Trading is personal - make decisions that fit YOUR wallet and risk appetite! 🎲
🎪 The Prize: Target Zone
🚨 Take Profit Target: 740.00
Why this level?
The $740 zone is acting as a POLICE BARRICADE 🚔 (strong resistance level) combined with overbought conditions. This is where you escape with the loot before the trap springs! Don't get greedy - secure profits when the market gives them to you.
Reminder: This is MY target, not financial advice. Scale out, take profits, and manage YOUR trade YOUR way! 💼
📊 Technical Analysis Breakdown
Spotify is setting up beautifully for a bullish move. The layered entry approach allows us to capitalize on any pullbacks while positioning for the upside breakout toward $740. Watch for:
Volume confirmation on the move up
Holding support at entry layers
Momentum shift at resistance zones
🔗 Related Assets to Watch
Keep an eye on these correlated pairs for market context:
AAPL - Tech sector momentum indicator
NFLX - Streaming services peer, shows media/entertainment sentiment
GOOGL - Digital advertising correlation (impacts Spotify's ad revenue model)
META - Social media/digital platform sentiment gauge
QQQ - Tech-heavy Nasdaq index for overall sector health
These assets can give you clues about risk appetite in the tech and media streaming space!
SPOT key level 700
SPOT buying the dipSPOT would like to see lh monthly close
SPOT my tp was 714, i sold at 725. i am happy. still holding some shares with a ath tp.and then some.shares holding foreverSPOT my tp of my entry after the hammer candly and the bullish confirmation yesterday is 714, i still keep my long term spotift holdings. spotify has safed my portfolio today of dropping. as spotify and netflix perform very good in times of high inflation and recessionsSPOT previous hammer candle confirmed by a bullish candle, should be bullish today toSPOT hammer time
SPOT has entered an important mid-term resistance area between $700-$727, where I am expecting a potential completion of the bounce since Jul lows. A rejection here could initiate a new downward move toward macro support at $585–$610.
Chart: tradingview.com/x/lT8L2EFr/
