MSTX – Defiance Daily Target 2x Long MSTR ETF – 30-Min Long!
📈🚀
🔹 Asset: MSTX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout from Ascending Triangle / Wedge Pattern
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $35.84 (Confirmed breakout level)
✅ Stop-Loss (SL): Below $32.18 (Wedge base & structure support)
🎯 Take Profit Targets:
📌 TP1: $39.58 (Major resistance zone)
📌 TP2: $44.77 (Extended target from pattern projection)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$35.84 - $32.18 = $3.66 risk per share
📈 Reward to TP1:
$39.58 - $35.84 = $3.74 (1.02:1 R/R)
📈 Reward to TP2:
$44.77 - $35.84 = $8.93 (2.44:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Wedge Breakout: Price broke resistance of tightening structure — bullish signal.
📌 Momentum Shift: Big green candles and volume spike indicate buyer strength.
📌 Retest Opportunity: Entry near $35.84 is ideal as price retests breakout zone.
📌 Clear Resistance Zones Above: Targets marked at key historical levels for precision.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Make sure bullish volume sustains above $35.84.
📉 Trailing Stop Strategy: Once TP1 ($39.58) is hit, move SL to entry ($35.84) to lock in gains.
💰 Partial Profit Booking Strategy
✔ Book 50% of profits at TP1 ($39.58)
✔ Let remaining ride to TP2 ($44.77)
✔ Adjust stop-loss to breakeven or higher after TP1
⚠️ Breakout Failure Risk
❌ Do not enter if price closes back below $35.84
❌ Close position if $32.18 is broken — setup is invalid
🚀 Final Thoughts
✔ Strong breakout setup with healthy volume confirmation
✔ Clear bullish structure with great follow-through potential
✔ High-probability trade offering 2.44:1 R/R to TP2 — manage smartly!
🔗 #MSTX #NASDAQ #LongTrade #ETFTrading #BreakoutSetup #ProfittoPath 📈💡
🔹 Asset: MSTX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout from Ascending Triangle / Wedge Pattern
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $35.84 (Confirmed breakout level)
✅ Stop-Loss (SL): Below $32.18 (Wedge base & structure support)
🎯 Take Profit Targets:
📌 TP1: $39.58 (Major resistance zone)
📌 TP2: $44.77 (Extended target from pattern projection)
📊 Risk-Reward Ratio Calculation:
📉 Risk (SL Distance):
$35.84 - $32.18 = $3.66 risk per share
📈 Reward to TP1:
$39.58 - $35.84 = $3.74 (1.02:1 R/R)
📈 Reward to TP2:
$44.77 - $35.84 = $8.93 (2.44:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Wedge Breakout: Price broke resistance of tightening structure — bullish signal.
📌 Momentum Shift: Big green candles and volume spike indicate buyer strength.
📌 Retest Opportunity: Entry near $35.84 is ideal as price retests breakout zone.
📌 Clear Resistance Zones Above: Targets marked at key historical levels for precision.
⚙️ Trade Execution & Risk Management
📊 Volume Confirmation: Make sure bullish volume sustains above $35.84.
📉 Trailing Stop Strategy: Once TP1 ($39.58) is hit, move SL to entry ($35.84) to lock in gains.
💰 Partial Profit Booking Strategy
✔ Book 50% of profits at TP1 ($39.58)
✔ Let remaining ride to TP2 ($44.77)
✔ Adjust stop-loss to breakeven or higher after TP1
⚠️ Breakout Failure Risk
❌ Do not enter if price closes back below $35.84
❌ Close position if $32.18 is broken — setup is invalid
🚀 Final Thoughts
✔ Strong breakout setup with healthy volume confirmation
✔ Clear bullish structure with great follow-through potential
✔ High-probability trade offering 2.44:1 R/R to TP2 — manage smartly!
🔗 #MSTX #NASDAQ #LongTrade #ETFTrading #BreakoutSetup #ProfittoPath 📈💡
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.