SoundHound AI (
SOUN) is showing a strong technical setup as it pushes above the Ichimoku cloud on the daily chart. Price has been consolidating for over a month in a tight range between $9 and $10.30. Today’s breakout above the cloud with bullish MACD crossover signals potential trend continuation.
Key technicals:
Ichimoku Cloud: Price has closed above the Kumo with Tenkan-sen crossing above Kijun-sen—classic bullish signal.
MACD: Fresh bullish crossover with histogram flipping positive for the first time since mid-May.
Volume: Volume has been increasing on up days, suggesting accumulation.
Trade setup:
Entry: $10.30 (breakout candle)
Stop: $9.05 (below recent consolidation base and cloud)
Target: $13.41 (prior high and R1 pivot level)
Risk/Reward: 2.41
If price holds above $10 and consolidates, it could offer a low-risk add or re-entry zone. Momentum traders may wait for confirmation above $10.55 with volume before committing.
This setup offers both breakout potential and clean invalidation, making it attractive for swing traders and breakout traders alike.
SOUN) is showing a strong technical setup as it pushes above the Ichimoku cloud on the daily chart. Price has been consolidating for over a month in a tight range between $9 and $10.30. Today’s breakout above the cloud with bullish MACD crossover signals potential trend continuation.Key technicals:
Ichimoku Cloud: Price has closed above the Kumo with Tenkan-sen crossing above Kijun-sen—classic bullish signal.
MACD: Fresh bullish crossover with histogram flipping positive for the first time since mid-May.
Volume: Volume has been increasing on up days, suggesting accumulation.
Trade setup:
Entry: $10.30 (breakout candle)
Stop: $9.05 (below recent consolidation base and cloud)
Target: $13.41 (prior high and R1 pivot level)
Risk/Reward: 2.41
If price holds above $10 and consolidates, it could offer a low-risk add or re-entry zone. Momentum traders may wait for confirmation above $10.55 with volume before committing.
This setup offers both breakout potential and clean invalidation, making it attractive for swing traders and breakout traders alike.
Giao dịch đang hoạt động
Buying more here ~$10.80Ghi chú
Taking 50% profit here and letting the rest ride to $15.82Ghi chú
adding to position here ~11.41
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.