📈 🚀
🔹 Asset: GRPN (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout + Resistance Flip
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $18.82 (Breakout zone + confluence)
✅ Stop-Loss (SL): Below $18.36 (Trendline + recent low)
🎯 Take Profit Targets
📌 TP1: $19.31 (Key resistance / supply zone)
📌 TP2: $19.95 (Measured breakout target / extension)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$18.82 - $18.36 = $0.46 risk per share
📈 Reward to TP1:
$19.31 - $18.82 = $0.49 → (1.06:1 R/R)
📈 Reward to TP2:
$19.95 - $18.82 = $1.13 → (2.45:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout: Resistance line breakout with rising lows
📌 Volume Support: Volume increasing as price nears breakout zone
📌 Consolidation Break: Tight range breakout indicates potential strength
📌 Retest in Progress: Yellow zone acting as previous resistance, now support
⚙️ Trade Execution & Risk Management
📊 Confirm entry after 30-min bullish candle close above $18.82
📉 Trailing Stop Strategy:
Move SL to breakeven once TP1 is reached
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $19.31
✔ Let the rest ride to TP2 = $19.95
✔ Raise SL above entry to lock in profits
⚠️ Breakout Failure Risk
❌ Setup becomes invalid if price breaks below $18.36
❌ Avoid entry without strong candle close above $18.82
🚀 Final Thoughts
✔ Ascending triangle breakout = bullish continuation pattern
✔ Decent risk-to-reward: up to 2.45:1
✔ Clean structure, low risk, and strong confluence setup
🔗 #GRPN #NASDAQ #BreakoutTrade #ProfittoPath #SwingTrading #ChartSetup #TechnicalAnalysis #AscendingTriangle #SmartTrading #StockMarketOpportunities
🔹 Asset: GRPN (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout + Resistance Flip
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $18.82 (Breakout zone + confluence)
✅ Stop-Loss (SL): Below $18.36 (Trendline + recent low)
🎯 Take Profit Targets
📌 TP1: $19.31 (Key resistance / supply zone)
📌 TP2: $19.95 (Measured breakout target / extension)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$18.82 - $18.36 = $0.46 risk per share
📈 Reward to TP1:
$19.31 - $18.82 = $0.49 → (1.06:1 R/R)
📈 Reward to TP2:
$19.95 - $18.82 = $1.13 → (2.45:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout: Resistance line breakout with rising lows
📌 Volume Support: Volume increasing as price nears breakout zone
📌 Consolidation Break: Tight range breakout indicates potential strength
📌 Retest in Progress: Yellow zone acting as previous resistance, now support
⚙️ Trade Execution & Risk Management
📊 Confirm entry after 30-min bullish candle close above $18.82
📉 Trailing Stop Strategy:
Move SL to breakeven once TP1 is reached
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $19.31
✔ Let the rest ride to TP2 = $19.95
✔ Raise SL above entry to lock in profits
⚠️ Breakout Failure Risk
❌ Setup becomes invalid if price breaks below $18.36
❌ Avoid entry without strong candle close above $18.82
🚀 Final Thoughts
✔ Ascending triangle breakout = bullish continuation pattern
✔ Decent risk-to-reward: up to 2.45:1
✔ Clean structure, low risk, and strong confluence setup
🔗 #GRPN #NASDAQ #BreakoutTrade #ProfittoPath #SwingTrading #ChartSetup #TechnicalAnalysis #AscendingTriangle #SmartTrading #StockMarketOpportunities
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.