Long Bullish Idea — Reddit $RDDT (4H Chart)Alright, here’s the play.
Reddit’s been bleeding inside this falling channel for months. But here’s where it gets interesting.
→ IF price holds this buy zone around $100 - $95...
→ THEN I’m expecting a breakout towards $135 as first target. That’s about +34%.
Strong bounce here, plus a clean break of this descending channel = confirmation for me.
Volume is kicking in — I wanna see continuation.
→ IF price breaks $135 with momentum...
→ THEN next stop is $165 — the 2nd target. That’s another +20%.
This isn’t a scalp. It’s a swing idea. 2-5 months range.
Earnings 1st May could be a catalyst — but I want to be in early, not chasing after.
→ IF price loses $70 support with volume...
→ THEN idea invalidated. No ego, I’m out.
Simple plan. Clear levels. No hope, just execution.
