📊
🚀 Setup Type: Bullish Breakout – Symmetrical Triangle + Momentum Build-Up
✅ Trade Plan: Long Position
🔔 Entry & Exit Plan
✅ Entry Zone: Above $49.27 (Breakout Confirmation)
🛡️ Stop-Loss (SL): Below $44.60 (Trendline/Support Zone)
🎯 Take Profit Targets (TPs):
📌 TP1: $56.33 – Key Resistance / Supply Zone
📌 TP2: $65.49 – Major Resistance & Potential Measured Move
📊 Risk-Reward Breakdown
🔻 Risk: $49.27 – $44.60 = $4.67
📈 Reward to TP1: $56.33 – $49.27 = $7.06 → 1:1.5 R/R
📈 Reward to TP2: $65.49 – $49.27 = $16.22 → 1:3.4 R/R
✅ Clean breakout setup with strong potential reward!
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: Price is attempting to break above converging trendlines
📌 Previous Resistance at $49.27: Needs a strong candle close to flip into support
📌 High Volume Area: Confirmation needed with volume above $49.50
📌 Momentum Structure: Higher lows forming, indicating bullish pressure
🛠️ Trade Execution Strategy
✔ Wait for Breakout Candle: 30-min candle close above $49.27 with volume
✔ Move SL to Break-even: Once price hits TP1
✔ Partial Profit Booking:
▫️ 50% at TP1 ($56.33)
▫️ Let remaining ride toward TP2 ($65.49)
✔ Trail Stop-Loss: Lock in gains as price moves in favor
⚠️ Risk Factors
❌ Fake Breakout: Rejection at upper trendline without volume
❌ Market Sentiment: Watch overall market volatility or news affecting tech/crypto sectors
🚀 Final Thoughts from ProfittoPath
✔ Bullish continuation pattern with potential breakout
✔ Multiple confluences – triangle support, volume, and trendline break
✔ Strong reward potential up to 1:3.4 R/R
💡 Plan the trade. Trade the plan. Manage the risk.
🔗 #EXOD #TradingSetup #BreakoutAnalysis #ProfittoPath #StockTrading #TradingView
🚀 Setup Type: Bullish Breakout – Symmetrical Triangle + Momentum Build-Up
✅ Trade Plan: Long Position
🔔 Entry & Exit Plan
✅ Entry Zone: Above $49.27 (Breakout Confirmation)
🛡️ Stop-Loss (SL): Below $44.60 (Trendline/Support Zone)
🎯 Take Profit Targets (TPs):
📌 TP1: $56.33 – Key Resistance / Supply Zone
📌 TP2: $65.49 – Major Resistance & Potential Measured Move
📊 Risk-Reward Breakdown
🔻 Risk: $49.27 – $44.60 = $4.67
📈 Reward to TP1: $56.33 – $49.27 = $7.06 → 1:1.5 R/R
📈 Reward to TP2: $65.49 – $49.27 = $16.22 → 1:3.4 R/R
✅ Clean breakout setup with strong potential reward!
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: Price is attempting to break above converging trendlines
📌 Previous Resistance at $49.27: Needs a strong candle close to flip into support
📌 High Volume Area: Confirmation needed with volume above $49.50
📌 Momentum Structure: Higher lows forming, indicating bullish pressure
🛠️ Trade Execution Strategy
✔ Wait for Breakout Candle: 30-min candle close above $49.27 with volume
✔ Move SL to Break-even: Once price hits TP1
✔ Partial Profit Booking:
▫️ 50% at TP1 ($56.33)
▫️ Let remaining ride toward TP2 ($65.49)
✔ Trail Stop-Loss: Lock in gains as price moves in favor
⚠️ Risk Factors
❌ Fake Breakout: Rejection at upper trendline without volume
❌ Market Sentiment: Watch overall market volatility or news affecting tech/crypto sectors
🚀 Final Thoughts from ProfittoPath
✔ Bullish continuation pattern with potential breakout
✔ Multiple confluences – triangle support, volume, and trendline break
✔ Strong reward potential up to 1:3.4 R/R
💡 Plan the trade. Trade the plan. Manage the risk.
🔗 #EXOD #TradingSetup #BreakoutAnalysis #ProfittoPath #StockTrading #TradingView
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.