📈
🔹 Asset: AEVA Technologies
🔹 Timeframe: 30-Min
🔹 Setup Type: Ascending Triangle Breakout + Support Hold
🔸 Price at Breakout: ~$7.01
📊 Trade Plan (Long Position)
✅ Entry Zone: $7.00–$7.10 (breakout candle above trendline + yellow resistance zone)
✅ Stop Loss (SL): Below $6.34 (white horizontal support line)
✅ Take Profit Targets:
📌 TP1: $7.94 (red line – recent swing high/resistance)
📌 TP2: $9.12 (green line – next major resistance / measured move)
📐 Risk-Reward Ratio
📉 Risk per Share:
$7.00 - $6.34 = $0.66
📈 Reward to TP1:
$7.94 - $7.00 = $0.94 → 1.42:1 R/R
📈 Reward to TP2:
$9.12 - $7.00 = $2.12 → 3.21:1 R/R
🧠 Technical Confluence
📌 Ascending Trendline: Support from rising lows (pink line)
📌 Horizontal Resistance Break: $7.00–$7.10 breakout zone
📌 Volume Confirmation Needed: Ideally accompanied by increasing buy volume
📌 Strong Structure Below: Key bounce level at $6.34 acts as invalidation zone
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Book 50% profits
🎯 Let the rest ride to TP2
🔐 Trail SL below new support as it forms
⚠️ Invalidation
❌ Close below $6.34 support zone
❌ Weak volume on breakout or fakeout rejection
🦅 Final Notes
✔ Strong uptrend + clean breakout structure
✔ Great R/R setup with clear technical zones
✔ Smart entry above consolidation — watch price action closely!
🔹 Asset: AEVA Technologies
🔹 Timeframe: 30-Min
🔹 Setup Type: Ascending Triangle Breakout + Support Hold
🔸 Price at Breakout: ~$7.01
📊 Trade Plan (Long Position)
✅ Entry Zone: $7.00–$7.10 (breakout candle above trendline + yellow resistance zone)
✅ Stop Loss (SL): Below $6.34 (white horizontal support line)
✅ Take Profit Targets:
📌 TP1: $7.94 (red line – recent swing high/resistance)
📌 TP2: $9.12 (green line – next major resistance / measured move)
📐 Risk-Reward Ratio
📉 Risk per Share:
$7.00 - $6.34 = $0.66
📈 Reward to TP1:
$7.94 - $7.00 = $0.94 → 1.42:1 R/R
📈 Reward to TP2:
$9.12 - $7.00 = $2.12 → 3.21:1 R/R
🧠 Technical Confluence
📌 Ascending Trendline: Support from rising lows (pink line)
📌 Horizontal Resistance Break: $7.00–$7.10 breakout zone
📌 Volume Confirmation Needed: Ideally accompanied by increasing buy volume
📌 Strong Structure Below: Key bounce level at $6.34 acts as invalidation zone
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Book 50% profits
🎯 Let the rest ride to TP2
🔐 Trail SL below new support as it forms
⚠️ Invalidation
❌ Close below $6.34 support zone
❌ Weak volume on breakout or fakeout rejection
🦅 Final Notes
✔ Strong uptrend + clean breakout structure
✔ Great R/R setup with clear technical zones
✔ Smart entry above consolidation — watch price action closely!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.