📈 🚀
🔹 Asset: CELH – NASDAQ
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout (Bullish Bias)
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $34.89 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $33.42 (Trendline & Previous Candle Support)
🎯 Take Profit Targets:
📌 TP1: $36.80 (Key Resistance Level)
📌 TP2: $38.91 (Extended Target / Measured Move)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$34.89 - $33.42 = $1.47 risk per share
📈 Reward to TP1:
$36.80 - $34.89 = $1.91 (1.29:1 R/R)
📈 Reward to TP2:
$38.91 - $34.89 = $4.02 (2.73:1 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout of Wedge: Price is pressing against wedge resistance, signaling possible continuation.
📌 Strong Bullish Momentum: Clear uptrend since mid-March, supported by rising volume.
📌 Candle Confirmation Needed: Look for a bullish 30-min close above $34.89 to validate the move.
📌 Support at $33.42: Ideal place to define risk, as it represents the lower wedge trendline.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Strong green volume on breakout is essential.
📉 Trailing Stop Strategy: Once TP1 is hit, move SL to break-even ($34.89) or higher.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($36.80), and let the rest run toward TP2 ($38.91).
✔ Lock profits by moving SL after TP1 is reached.
⚠️ Breakout Failure Risk
❌ Avoid premature entry – wait for clear breakout candle.
❌ Break below $33.42 invalidates the setup.
🚀 Final Thoughts
✔ Strong bullish structure with clear R/R up to 2.73:1
✔ Textbook breakout setup from a rising wedge
✔ Ride the trend with proper volume confirmation and disciplined risk
🔗 #CELH #NASDAQ #LongTrade #BreakoutStrategy #SwingTrading #ProfittoPath 📈🔥
🔹 Asset: CELH – NASDAQ
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout (Bullish Bias)
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $34.89 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $33.42 (Trendline & Previous Candle Support)
🎯 Take Profit Targets:
📌 TP1: $36.80 (Key Resistance Level)
📌 TP2: $38.91 (Extended Target / Measured Move)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$34.89 - $33.42 = $1.47 risk per share
📈 Reward to TP1:
$36.80 - $34.89 = $1.91 (1.29:1 R/R)
📈 Reward to TP2:
$38.91 - $34.89 = $4.02 (2.73:1 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout of Wedge: Price is pressing against wedge resistance, signaling possible continuation.
📌 Strong Bullish Momentum: Clear uptrend since mid-March, supported by rising volume.
📌 Candle Confirmation Needed: Look for a bullish 30-min close above $34.89 to validate the move.
📌 Support at $33.42: Ideal place to define risk, as it represents the lower wedge trendline.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Strong green volume on breakout is essential.
📉 Trailing Stop Strategy: Once TP1 is hit, move SL to break-even ($34.89) or higher.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($36.80), and let the rest run toward TP2 ($38.91).
✔ Lock profits by moving SL after TP1 is reached.
⚠️ Breakout Failure Risk
❌ Avoid premature entry – wait for clear breakout candle.
❌ Break below $33.42 invalidates the setup.
🚀 Final Thoughts
✔ Strong bullish structure with clear R/R up to 2.73:1
✔ Textbook breakout setup from a rising wedge
✔ Ride the trend with proper volume confirmation and disciplined risk
🔗 #CELH #NASDAQ #LongTrade #BreakoutStrategy #SwingTrading #ProfittoPath 📈🔥
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.