BMNR Breakout Play: Swing Up with Crypto Momentum

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BMNR Breakout Play: Swing Up with Crypto MomentumBitMine Immersion Technologies, Inc.BATS:BMNRquantsignalsInstrument: BMNR Trade Type: Swing Call (BUY) Strike Price: $38.00 Entry Range: $4.40 – $4.85 (current example: $4.62) Target 1: $7.25 (≈65% gain) Target 2: $9.50 (≈95% gain) Stop Loss: $2.80 (≈40% risk from entry) Expiry / Horizon: 16 days (to 2025-12-26) Confidence: 75% Conviction Level: Medium Risk Level: Moderate – high implied volatility (~107%), crypto market correlated Momentum / Technical: Breakout above $40, VWAP at $34.58, strong crypto sector tailwinds Options / Flow: Put/Call ratio 1.08, neutral bias with unusual $44 put activity News Sentiment: Very bullish – Bitcoin at $94,000, BMNR adding 138k ETH, crypto sector rally Notes: High implied volatility; manage position size carefully. Monitor Bitcoin price as BMNR is highly correlated. Consider scaling into position due to recent 19% intraday move.