$SOUN Breakout Setup – Clean Bullish Structure with Strong R/R

1 juil.

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.

7 juil.

Transaction en cours

Buying more here ~$10.80

8 juil.

Note

Taking 50% profit here and letting the rest ride to $15.82

15 juil.

Note

adding to position here ~11.41