HUT: Breakout Retest & Huge Volume Reversal

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HUT: Breakout Retest & Huge Volume ReversalHut 8 Corp.BATS:HUTvssebuyungoThe Setup: Hut 8 (HUT) gave us a great initial breakout, but it subsequently came back down to test that exact breakout level. This "check back" is completely normal—it often happens when a stock moves way before the general market is ready to support it. The key is what happens next: the stock just jumped out again off that support level on Huge Volume, confirming that institutional buyers are aggressively defending the trend. Reasoning: Breakout Retest (Testing previous resistance as support) Market Timing (Stock moved early, consolidated, and reset) Huge Volume Reversal (Confirming buyers at support) If Labelled a Swing trade(2-6 Week Holds) Entry: Full position on the volume bounce (See Chart) Profit Taking: Sell 1/3 at Goal 1 Final Exit: Remainder at Goal 2 If labelled a long term trade (3-12 Month Holds) Entry: Full position on the high-volume bounce. Profit Taking: Sell 1/4 to 1/5 at Goal 1. Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA. Why: A successful retest on volume is one of the highest conviction continuation signals. Note: Remember: Every long-term investment alert can also be played as a swing trade. I normally use half the risk that I show here, this is because I am okay re-entering if it fails and it gives a better R/R ratio