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It is easy to look at Marvell Technology (MRVL) and feel the itch to jump in. The stock has been hovering around $80, and a round number like that often feels like a natural floor, especially when you remember it traded much higher in the past. It looks like support. It acts like support. So why not buy it right here?

Because one lesson I have learned over decades of swing trading is that “good enough” entries are rarely good enough to build a consistent portfolio. We want great entries. We want setups where risk is clearly defined and the reward potential outweighs the risk.

Right now, $80 feels like a trap. It is the obvious level, but the technicals suggest a better setup may appear lower, if you are willing to be patient.

The Case for the Mid-$70s
 

When I look at the daily chart for MRVL, I see price action trying to decide its next major move. Bulls are defending $80, but the structure suggests we could see more shakeout before the better entry arrives.

I am more interested in a pullback into the mid-$70s, around the $76 area.

Why there? Because that is where multiple technical levels could converge. MRVL has a rising trend line that stretches back to the April lows. That trend line has guided the stock higher, and another test could provide a more attractive bounce setup. By the time price reaches the trend line, it may also align more cleanly with the $80 support level.
 

In addition, the mid-$70s area aligns closely with the 200-day moving average. When you get confluence between a rising trend line and the 200-day, you are often looking at a zone where institutions and algorithms pay attention.

Don’t Force the Trade
 

The hardest part of trading is not reading the chart. It is sitting on your hands when the setup is not quite there yet.

If you buy at $80, where is your stop? A stop just below $80 is vulnerable to normal market noise. A wider stop that accounts for the 200-day increases risk significantly without improving the reward side of the trade.

By waiting for the mid-$70s, the risk profile improves immediately. You can define your stop just below confluence support. If it fails, you take a small loss and move on. If it holds, you are positioned closer to the turning point.

Here is how I am looking to play this setup:

• Patience first: I am not chasing MRVL at $80. I will set alerts for the mid-$70s, around $76.
• The trigger: I want to see a test of the rising trend line with signs of support holding, such as a reversal candle or a volume pop.
• The risk: If MRVL closes convincingly below the 200-day or breaks the rising trend line, the thesis is invalid and I stay away.
• The reward: I would look for a move back above $103 and a higher high on the chart, while scaling out into strength along the way.

Let the Market Come to You
 

Fear of missing out is real. You might be thinking, “What if it rips from $80 and never looks back?”

That can happen. But successful trading is not about catching every move. It is about catching the moves where the odds are stacked in your favor. If MRVL takes off without us, that is fine. There are always other opportunities.

If MRVL dips into the mid-$70s and respects the trend line and 200-day, that is where risk becomes more defined and the setup becomes more attractive.

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