Bullish for Bullish?
$Bullish(BLSH)$ 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!
Modify on 2025-08-17 06:07
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Mortimer Arthur·2025-08-17This speculation stuff is getting out of hand . Has to crash eventually . Cannot have so many companies , coins … etc going up and down with the wind . We had this in 2000 …LikeReport
- Merle Ted·2025-08-17IMO…Options will be trading soon. 2000 shareholders…. Easy! 7,000,000 shares available, check! 30,000,000 available is 4x requirement!LikeReport
- EVBullMusketeer·2025-08-17Sharp analysis on those levels, mate! Watching that 78 breakout like a hawk 🚀LikeReport
- Dollydolly·2025-08-16This plan seems well thought outLikeReport
