๐
๐น Ticker: APLD (NASDAQ)
๐น Setup Type: Ascending Triangle + Resistance Break
๐ธ Breakout Price: ~$5.80
๐ Trade Plan (Long Position)
โ Entry Zone: $5.75โ$5.85 (break above yellow resistance zone & trendline)
โ Stop Loss (SL): Below $5.37 (structure low / white support line)
โ Take Profit Targets:
๐ TP1: $6.25 (red line โ resistance)
๐ TP2: $6.99 (green line โ prior supply zone)
๐ Risk-Reward Analysis
๐ Risk:
$5.80 - $5.37 = $0.43
๐ Reward to TP1:
$6.25 - $5.80 = $0.45 โ 1.04:1 R/R
๐ Reward to TP2:
$6.99 - $5.80 = $1.19 โ 2.76:1 R/R
๐ Technical Highlights
๐ Ascending Triangle: Strong higher lows pushing into horizontal resistance
๐ Volume Confirmation: Needed for clean breakout
๐ Yellow Zone: Break and retest area for confirmation
๐ Trendline Support: Pink rising trendline continues to hold up price
โ๏ธ Trade Management
๐ After TP1:
โ Move SL to breakeven
โ Book partial profits (~50%)
๐ Let the rest target TP2, trailing SL as new supports form
โ ๏ธ Invalidation Signal
โ Breakdown below $5.37
โ Rejection from yellow zone without volume follow-through
๐น Ticker: APLD (NASDAQ)
๐น Setup Type: Ascending Triangle + Resistance Break
๐ธ Breakout Price: ~$5.80
๐ Trade Plan (Long Position)
โ Entry Zone: $5.75โ$5.85 (break above yellow resistance zone & trendline)
โ Stop Loss (SL): Below $5.37 (structure low / white support line)
โ Take Profit Targets:
๐ TP1: $6.25 (red line โ resistance)
๐ TP2: $6.99 (green line โ prior supply zone)
๐ Risk-Reward Analysis
๐ Risk:
$5.80 - $5.37 = $0.43
๐ Reward to TP1:
$6.25 - $5.80 = $0.45 โ 1.04:1 R/R
๐ Reward to TP2:
$6.99 - $5.80 = $1.19 โ 2.76:1 R/R
๐ Technical Highlights
๐ Ascending Triangle: Strong higher lows pushing into horizontal resistance
๐ Volume Confirmation: Needed for clean breakout
๐ Yellow Zone: Break and retest area for confirmation
๐ Trendline Support: Pink rising trendline continues to hold up price
โ๏ธ Trade Management
๐ After TP1:
โ Move SL to breakeven
โ Book partial profits (~50%)
๐ Let the rest target TP2, trailing SL as new supports form
โ ๏ธ Invalidation Signal
โ Breakdown below $5.37
โ Rejection from yellow zone without volume follow-through
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.