$Microsoft(MSFT)$ went from $2 โ $18 on this trade.
Hereโs the setup I was watching ๐
Last night, $MSFT dropped to around $490, right into a major support level.
Then came the first clue:
๐ Price bounced straight back toward $500.
But the real signal came in the premarket.
Instead of breaking below $490, $MSFT held the level.
That tells you buyers were still defending the downside โ and potentially positioning for a move higher at the open.
๐ฏ The setup:
Major support โ sharp bounce โ premarket holds โ buyers confirm โ opening breakout
This is the kind of structure that can precede a big green candle when the market opens.
Don't chase the candle.
Watch the level first.
If support holds and premarket refuses to break down, the risk/reward can change very quickly. ๐
Markets are always moving - and sometimes, the best move is knowing what works for you.
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