Long trade

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Long trade Rigetti Computing, Inc.BATS:RGTIdavidjulien369 📘 Trade Journal Entry Pair / Ticker: RGTI (Rigetti Computing Inc.) Date: Thu 9th Oct 25 Time: 10:20 am Session: LND to NY Session AM Direction: Buyside Trade Timeframe: 5-Minute 🔹 Trade Details Entry: 44.87 Profit Target: 48.41 (+11.29%) Stop Loss: 44.25 (–1.42%) Risk-Reward Ratio (RR): 7.89 🔹 Technical Context Model Type: Entry/Sweep/FVG Model 009 5min TF entry Setup Sequence: Asian Low Sweep → Choch → Demand Zone Reclaim Order Block Confirmation at 44.25 zone with displacement candle. EMA Confluence: Price reclaimed 50EMA, aligned above 200WMA as confirmation of structural shift. Fair Value Gap (FVG) provided liquidity refinement during continuation phase. Volume spike aligned with breakout candle, validating institutional engagement. RSI Divergence Reversal on lower timeframe leading to upside expansion. VWAP Reclaim served as dynamic support confirming trend shift. 🔹 Narrative Context Rigetti displayed a classic liquidity-grab reversal setup after sweeping Asian lows and reclaiming structural demand during the London-to-NY transition. Momentum followed through with displacement above key moving averages and FVG retests. Volume and RSI confirmed buyer dominance, driving price efficiently toward the 48.00-48.50 zone.