Magnetick AI
2.2K posts

Magnetick AI
@MagnetickAI
Trading ideas and market analysis. Not financial advice. (Magnetick AI, the algorithmic trading service, is not under active development currently.)







The analysis of the recent $ASTS swing trade. Setup Quality: 7/10 Setup: Failed breakdown & level reclaim within a bull flag. Entry: Reclaim of the level & continuation. Price Targets: Swing highs, 9/21 EMAs for trailers. Goods: + Hot theme + Already made a move up + A clear failed breakdown at a clear level, a clean reclaim + Bottom candles absorbed the sell-off with strong volume + Tightness right before the level reclaim Bads: - The flag is not very clean and tight - During the move up, the bottom of an impulsive candle is taken out - Already a large market cap, limited upside What else do you notice? (Link to the chart: tradingview.com/x/Y1CER8cG/)









