📌 🚀
🔹 Asset: AFRM (Affirm Holdings, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $50.13 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $48.18 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $53.14 (First Resistance Level)
📌 TP2: $56.36 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$50.13 - $48.18 = $1.95 risk per share
📈 Reward to TP1:
$53.14 - $50.13 = $3.01 (1:1.54 R/R)
📈 Reward to TP2:
$56.36 - $50.13 = $6.23 (1:3.2 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Trendline Breakout: The price is breaking out from a downtrend resistance, signaling a bullish reversal.
📌 Retest Confirmation: Price is hovering around $50.13, testing previous resistance as support.
📌 Strong Support at $48.18: This level has held multiple times, making it a key invalidation point.
📌 Volume Confirmation Needed: Look for high buying volume above $50.13 to confirm bullish strength.
📊 Key Support & Resistance Levels
🟢 $48.18 – Stop-Loss / Strong Support
🟡 $50.13 – Breakout Level / Long Entry
🔴 $53.14 – First Resistance / TP1
🟢 $56.36 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $50.13 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($50.13) after TP1 ($53.14) is hit.
💰 Partial Profit Booking Strategy
✔ Take 50% profits at $53.14, let the rest run toward $56.36.
✔ Adjust Stop-Loss to Break-even ($50.13) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $50.13 and drops back below, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $50.13 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $50.13 signals potential continuation.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.2 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 Hashtags for Social Media Posting
#StockMarket 📉 #TradingNews 📰 #StockAnalysis 📊 #MarketUpdate 🔥 #Investing 💰 #Trading 📈 #Finance 💵 #ProfittoPath 🚀 #SwingTrading 🔄 #DayTrading ⚡ #StockTrader 💸 #TechnicalAnalysis 📉 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 🐂 #RiskManagement ⚠️ #TradingCommunity 🤝
🔹 Asset: AFRM (Affirm Holdings, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $50.13 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $48.18 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $53.14 (First Resistance Level)
📌 TP2: $56.36 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$50.13 - $48.18 = $1.95 risk per share
📈 Reward to TP1:
$53.14 - $50.13 = $3.01 (1:1.54 R/R)
📈 Reward to TP2:
$56.36 - $50.13 = $6.23 (1:3.2 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Trendline Breakout: The price is breaking out from a downtrend resistance, signaling a bullish reversal.
📌 Retest Confirmation: Price is hovering around $50.13, testing previous resistance as support.
📌 Strong Support at $48.18: This level has held multiple times, making it a key invalidation point.
📌 Volume Confirmation Needed: Look for high buying volume above $50.13 to confirm bullish strength.
📊 Key Support & Resistance Levels
🟢 $48.18 – Stop-Loss / Strong Support
🟡 $50.13 – Breakout Level / Long Entry
🔴 $53.14 – First Resistance / TP1
🟢 $56.36 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $50.13 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($50.13) after TP1 ($53.14) is hit.
💰 Partial Profit Booking Strategy
✔ Take 50% profits at $53.14, let the rest run toward $56.36.
✔ Adjust Stop-Loss to Break-even ($50.13) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $50.13 and drops back below, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $50.13 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $50.13 signals potential continuation.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.2 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 Hashtags for Social Media Posting
#StockMarket 📉 #TradingNews 📰 #StockAnalysis 📊 #MarketUpdate 🔥 #Investing 💰 #Trading 📈 #Finance 💵 #ProfittoPath 🚀 #SwingTrading 🔄 #DayTrading ⚡ #StockTrader 💸 #TechnicalAnalysis 📉 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 🐂 #RiskManagement ⚠️ #TradingCommunity 🤝
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.