June 07, 2025, 10:00 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IBIT

• Buy IBIT near 59.12 target 67.48 stop loss @ 58.95 Details

The technical summary data tells us to buy IBIT near 59.12 with an upside target of 67.48. This data also tells us to set a stop loss @ 58.95 to protect against excessive loss in case the stock begins to move against the trade. 59.12 is the first level of support below 59.26 , and by rule, any test of support is a buy signal. In this case, support 59.12 is being tested, a buy signal would exist.

• Short IBIT slightly under 67.48, target 59.12, stop loss @ 67.67 Details

The technical summary…