Webull (BULL): Fibonacci Swing Setup Targeting $11.702-hour timeframe to identify potential price targets and reversal zones. Here's the structure:
- **Current Price**: $8.74
- **Volume**: 37.45K (moderate interest)
- **Fibonacci Levels**: 23.6%, 38.2%, 50%, 61.8%, 78.6% retracements used to mark support/resistance zones.
- **Extension Target**: 1.272 Fibonacci extension near **$11.50**, suggesting a bullish breakout potential.
- **Annotated Moves**: Price projections show potential gains of **11.09%**, **21.86%**, and **33.82%** depending on breakout strength.
#### 📈 Trade Setup (Bullish Bias)
| Component | Value / Rule |
|------------------|----------------------------------------|
| **Entry Zone** | $8.70–$8.74 (current consolidation) |
| **Stop-Loss** | Below $8.50 (under recent support) |
| **Target 1** | $9.75 (11.09% move) |
| **Target 2** | $10.65 (21.86% move) |
| **Target 3** | $11.70 (33.82% move, 1.272 extension) |
#### 🧭 Strategy Notes
- Ideal for **swing trading** with 2–5 day horizon.
- Watch for **volume confirmation** on breakout above $8.80.
- Risk-reward improves if entry is closer to $8.70 with tight stop.
