EQT – 30-Min Long Trade Setup !
📌🚀📈
🔹 Asset: EQT Corporation (NYSE: EQT)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 46.99 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 45.91 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 48.40 (First Resistance Level)
📌 TP2: 50.12 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 46.99 - 45.91 = 1.08 risk per unit
📈 Reward to TP1: 48.40 - 46.99 = 1.41 (1:1.3 R/R)
📈 Reward to TP2: 50.12 - 46.99 = 3.13 (1:2.89 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Falling Wedge Breakout: Price is breaking above descending resistance, signaling an uptrend.
📌 Support Confirmation: Strong demand zone at 45.91, holding well.
📌 Volume Confirmation Needed: Rising buy volume above 46.99 confirms momentum.
📌 Momentum Shift Expected: If price holds above 46.99, it could rally toward 48.40, then 50.12.
📊 Key Resistance & Support Levels
🟢 50.12 – Final Target / TP2
🔴 48.40 – First Resistance / TP1
🟡 46.99 – Breakout Level / Long Entry
⚪ 45.91 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying pressure above 46.99 before entering.
📉 Trailing Stop Strategy: Move SL to entry (46.99) after TP1 (48.40) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 48.40, let the rest run toward 50.12.
✔ Adjust Stop-Loss to Break-even (46.99) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 46.99 after breakout, exit early to limit losses.
❌ Wait for a strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Wedge breakout signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.89 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Hashtags for Reach & Engagement:
#EQT 🚀 #NYSE 📈 #StockTrading 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #LongTrade 🏆 #Finance 📉 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 📈 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakout 🚀
🔹 Asset: EQT Corporation (NYSE: EQT)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 46.99 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 45.91 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 48.40 (First Resistance Level)
📌 TP2: 50.12 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 46.99 - 45.91 = 1.08 risk per unit
📈 Reward to TP1: 48.40 - 46.99 = 1.41 (1:1.3 R/R)
📈 Reward to TP2: 50.12 - 46.99 = 3.13 (1:2.89 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Falling Wedge Breakout: Price is breaking above descending resistance, signaling an uptrend.
📌 Support Confirmation: Strong demand zone at 45.91, holding well.
📌 Volume Confirmation Needed: Rising buy volume above 46.99 confirms momentum.
📌 Momentum Shift Expected: If price holds above 46.99, it could rally toward 48.40, then 50.12.
📊 Key Resistance & Support Levels
🟢 50.12 – Final Target / TP2
🔴 48.40 – First Resistance / TP1
🟡 46.99 – Breakout Level / Long Entry
⚪ 45.91 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying pressure above 46.99 before entering.
📉 Trailing Stop Strategy: Move SL to entry (46.99) after TP1 (48.40) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 48.40, let the rest run toward 50.12.
✔ Adjust Stop-Loss to Break-even (46.99) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 46.99 after breakout, exit early to limit losses.
❌ Wait for a strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Wedge breakout signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.89 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Hashtags for Reach & Engagement:
#EQT 🚀 #NYSE 📈 #StockTrading 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #LongTrade 🏆 #Finance 📉 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 📈 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakout 🚀
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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.