Is Broadcom Setting Up a Clean LSMA Pullback Entry?

📈 Trade Setup: AVGO – Broadcom Inc. (NASDAQ)
Plan: Bullish pullback confirmed with LSMA pullback technique. We're looking for a dip towards an LSMA-supported zone to accumulate in multiple layers — the classic “thief” way.

🎯 Entry Strategy (Layered “Thief” Style)
We’re using a layering strategy — placing multiple limit buy orders to spread risk and optimize the entry:

Entry layers: $340, $350, $360 (you can adjust or add more layers depending on your risk appetite)

This allows you to ladder in as price pulls back, increasing your average position in a disciplined way.

🛑 Stop Loss

Thief SL: $1.11100 — this is your safety net.

⚠️ Note: I strongly recommend using your own stop-loss based on your risk tolerance. Don’t rely solely on mine — it’s your capital, your call.

🎯 Target / Take Profit
Target: $420 — this is where the “police barricade” (strong resistance) sits, plus signs of overbought conditions and a potential trap.

Like with the SL — feel free to scale out, take partial profits, or adjust this target based on your own risk/reward strategy.

🔍 Why This Makes Sense
Price pullback into LSMA can offer a sweet entry for momentum to resume.
Layered entries help you average in slowly rather than committing all at once.
The $420 level is a logical take-profit zone: strong resistance + psychological round number + possible overbought trap.

🌐 Related Instruments / Correlated Pairs to Watch
Keep an eye on these names — they often share semiconductor or tech momentum with Broadcom:
NVDA (NVIDIA) — major player in GPUs / data center, often drives sentiment in the semiconductor space.
AMD (Advanced Micro Devices) — competing chipmaker; correlated strength/weakness with Broadcom helps validate sector moves.
SMH (VanEck Semiconductor ETF) — gives you a broader view of semis; if SMH is bullish, AVGO’s move is more likely to be strong.
INTC (Intel) — though different business model, macro tech trends sometimes ripple through all major semiconductor names.

Key correlation point: when NVDA or SMH rallies hard, Broadcom often catches a lift (or vice versa), so watching these can help validate the trade or act as confirmation.

⚙️ Risk Management & Execution Tips
Use limit orders for entries — no market buys here, we’re layering smartly.
Adjust your position size on each layer — e.g., more size on the first layer if you're confident, smaller on others.
Consider taking partial profits as price approaches $420 to lock in gains while leaving a portion for a possible breakout.

Disclaimer: This is a thief-style trading strategy just for fun. Use it responsibly, manage your risk, and never trade more than you can afford to lose.

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