📈
🔹 Ticker: HIMS (NYSE)
🔹 Timeframe: 30-Min
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Price at Breakout: ~$29.55
📊 Trade Plan (Long Position)
✅ Entry Zone: $29.50–$30.00 (breakout above yellow zone + trendline break)
✅ Stop Loss (SL): Below $28.50 (white support line & structure low)
✅ Take Profit Targets:
📌 TP1: $30.84 (red line – supply zone / resistance)
📌 TP2: $32.64 (green line – previous high / major resistance)
📐 Risk-Reward Calculation
📉 Risk per Share:
$29.55 - $28.50 = $1.05
📈 Reward to TP1:
$30.84 - $29.55 = $1.29 → 1.22:1 R/R
📈 Reward to TP2:
$32.64 - $29.55 = $3.09 → 2.94:1 R/R
📊 Technical Confluence
📌 Falling Trendline Break: Clean break of bearish structure (pink line)
📌 Support Bounce: Solid bounce from yellow demand zone
📌 Volume Consideration: Look for rising volume on breakout
📌 Retest Reaction: Entry confirmation if price holds above yellow zone
⚙️ Execution & Trade Management
🔄 After TP1 Hit:
— Move SL to breakeven
— Book 50% profits
🚀 Let the rest ride to TP2
📉 Trail SL below higher lows as price moves
⚠️ Invalidation Criteria
❌ Close below $28.50
❌ Breakout fails with weak momentum or volume
❌ Fakeout candle closes back inside the trendline
🦅 Final Thoughts
✔ Clean reversal pattern forming
✔ Trendline break with structure support = high-probability setup
✔ Favorable R/R and manageable risk
🔹 Ticker: HIMS (NYSE)
🔹 Timeframe: 30-Min
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Price at Breakout: ~$29.55
📊 Trade Plan (Long Position)
✅ Entry Zone: $29.50–$30.00 (breakout above yellow zone + trendline break)
✅ Stop Loss (SL): Below $28.50 (white support line & structure low)
✅ Take Profit Targets:
📌 TP1: $30.84 (red line – supply zone / resistance)
📌 TP2: $32.64 (green line – previous high / major resistance)
📐 Risk-Reward Calculation
📉 Risk per Share:
$29.55 - $28.50 = $1.05
📈 Reward to TP1:
$30.84 - $29.55 = $1.29 → 1.22:1 R/R
📈 Reward to TP2:
$32.64 - $29.55 = $3.09 → 2.94:1 R/R
📊 Technical Confluence
📌 Falling Trendline Break: Clean break of bearish structure (pink line)
📌 Support Bounce: Solid bounce from yellow demand zone
📌 Volume Consideration: Look for rising volume on breakout
📌 Retest Reaction: Entry confirmation if price holds above yellow zone
⚙️ Execution & Trade Management
🔄 After TP1 Hit:
— Move SL to breakeven
— Book 50% profits
🚀 Let the rest ride to TP2
📉 Trail SL below higher lows as price moves
⚠️ Invalidation Criteria
❌ Close below $28.50
❌ Breakout fails with weak momentum or volume
❌ Fakeout candle closes back inside the trendline
🦅 Final Thoughts
✔ Clean reversal pattern forming
✔ Trendline break with structure support = high-probability setup
✔ Favorable R/R and manageable risk
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.