📈 🚀
🔹 Asset: MNPR (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Trendline Support
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $39.96 (Breakout confirmation)
✅ Stop-Loss (SL): Below $36.35 (Wedge base & prior support)
🎯 Take Profit Targets
📌 TP1: $46.00 (Previous resistance zone)
📌 TP2: $52.69 (Major resistance / measured move target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$39.96 - $36.35 = $3.61 risk per share
📈 Reward to TP1:
$46.00 - $39.96 = $6.04 → (1.67:1 R/R)
📈 Reward to TP2:
$52.69 - $39.96 = $12.73 → (3.52:1 R/R)
🔍 Technical Analysis & Strategy
📌 Wedge Breakout: Break above descending resistance = bullish signal
📌 Trendline Support: Clean base forming higher lows
📌 Volume Buildup Expected: Confirm breakout with strong bullish close above yellow zone
📌 Retest + Continuation: Price reclaiming resistance, now acting as support
⚙️ Trade Execution & Risk Management
📊 Confirm breakout with a 30-min bullish candle close above $39.96
📉 Trailing Stop Strategy:
Move SL to breakeven once TP1 is reached
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $46.00
✔ Let remaining run to TP2 = $52.69
✔ Adjust SL to protect gains after TP1
⚠️ Breakout Failure Risk
❌ Setup is invalid if price breaks below $36.35
❌ No entry without confirmation above $39.96
🚀 Final Thoughts
✔ Falling wedge breakout + trendline = strong bullish confluence
✔ Great risk-to-reward up to 3.5:1
✔ Structured, low-risk opportunity with clean breakout zone
🔗 #MNPR #NASDAQ #BreakoutTrade #SwingTrading #ProfittoPath #ChartSetup #TechnicalAnalysis #LowRiskTrade #BullishSetup #StockTrading
🔹 Asset: MNPR (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Trendline Support
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $39.96 (Breakout confirmation)
✅ Stop-Loss (SL): Below $36.35 (Wedge base & prior support)
🎯 Take Profit Targets
📌 TP1: $46.00 (Previous resistance zone)
📌 TP2: $52.69 (Major resistance / measured move target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$39.96 - $36.35 = $3.61 risk per share
📈 Reward to TP1:
$46.00 - $39.96 = $6.04 → (1.67:1 R/R)
📈 Reward to TP2:
$52.69 - $39.96 = $12.73 → (3.52:1 R/R)
🔍 Technical Analysis & Strategy
📌 Wedge Breakout: Break above descending resistance = bullish signal
📌 Trendline Support: Clean base forming higher lows
📌 Volume Buildup Expected: Confirm breakout with strong bullish close above yellow zone
📌 Retest + Continuation: Price reclaiming resistance, now acting as support
⚙️ Trade Execution & Risk Management
📊 Confirm breakout with a 30-min bullish candle close above $39.96
📉 Trailing Stop Strategy:
Move SL to breakeven once TP1 is reached
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $46.00
✔ Let remaining run to TP2 = $52.69
✔ Adjust SL to protect gains after TP1
⚠️ Breakout Failure Risk
❌ Setup is invalid if price breaks below $36.35
❌ No entry without confirmation above $39.96
🚀 Final Thoughts
✔ Falling wedge breakout + trendline = strong bullish confluence
✔ Great risk-to-reward up to 3.5:1
✔ Structured, low-risk opportunity with clean breakout zone
🔗 #MNPR #NASDAQ #BreakoutTrade #SwingTrading #ProfittoPath #ChartSetup #TechnicalAnalysis #LowRiskTrade #BullishSetup #StockTrading
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.