Performance metrics and trade details for SPOT breakout.
On February 4, 2025, Spotify reported triple-digit earnings growth pre-market, leading to a 6.8% gap up at the open.
The stock offered a smooth setup, with an ideal entry on a 1-minute Opening Range Breakout (ORB), using the low of the first minute’s bar as the stop loss.
While the broader market was choppy and starting to fall, the best exit strategy was to sell on a trendline breakdown, locking in a modest 5–6% gain.
Note:
Spotify can be a bit choppy to trade. In general, it tends to reward buying pullbacks during strong uptrend moves rather than chasing obvious breakouts.
