The 50-SMA sits materially below price at 36.28, confirming the medium-term uptrend, while the 200-SMA at 43.00 has flipped from resistance to nearby support. MACD's positive spread of 0.72 above signal validates trend acceleration, but RSI at 79.54 is deep in overbought territory, historically consistent with pullbacks or consolidation. The narrow 1.59% cushion to the 200-SMA means any mean reversion tests that line quickly, making it the pivotal level for the working bias. Trade-quality (85.6) and profit-probability (78.0) scores are constructive, but the overbought RSI supports a Watch stance rather than chase.
Sunday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 4 long, 0 short. Trade your plan and manage risk first. Also screened: $POET, $CRCL, $COST, $CRM, $AKAM, $AVGO.
5 of 5 plays
IBIT trades at 43.68, just 1.59% above its 200-SMA (43.00) and well above its 50-SMA (36.28), marking a momentum breakout retest zone. With RSI at 79.54 and MACD (0.96) crossed above signal (0.24), the tape is at an inflection between trend continuation and short-term overextension.
EntryPrefer a pullback entry into the 43.00-43.20 zone (200-SMA retest and hold); alternatively, a momentum trigger on a decisive close above 44.00 confirming continuation.
TargetsFirst target: 45.50 (prior momentum extension) → Second target: 47.25 (measured move above 200-SMA)
StopInvalidation on a daily close below 42.40 (under the 200-SMA), which would signal the breakout retest failed and shift structure back toward the 50-SMA at 36.28.
Educational only. Not financial advice.