📈 🚀
🔹 Asset: NVCT (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Trendline Breakout + Resistance Flip
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $10.40 (breakout and close confirmation)
✅ Stop-Loss (SL): Below $9.77 (trendline support + previous low)
🎯 Take Profit Targets
📌 TP1: $11.30 (previous resistance/supply zone)
📌 TP2: $12.48 (measured move target / next major resistance)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$10.40 - $9.77 = $0.63 risk per share
📈 Reward to TP1:
$11.30 - $10.40 = $0.90 → (1.42:1 R/R)
📈 Reward to TP2:
$12.48 - $10.40 = $2.08 → (3.30:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Support: Price bouncing off rising trendline, forming higher lows
📌 Breakout Candle: Strong bullish candle breaking above resistance
📌 Volume Consideration: Monitoring for confirmation with rising volume
📌 Retest In Progress: Yellow zone previously resistance, now potential support
⚙️ Trade Execution & Risk Management
📊 Confirm breakout with strong 30-min candle close
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $11.30
✔ Let the rest ride to TP2 = $12.48
✔ Trail stop above entry after first target
⚠️ Breakout Failure Risk
❌ Setup invalid if price falls below $9.77
❌ Avoid early entry without proper candle close above breakout level
🚀 Final Thoughts
✔ Strong ascending setup with bullish momentum
✔ Clean breakout with well-defined stop and targets
✔ Great R/R potential, up to 3.3:1
🔗 #NVCT #NASDAQ #BreakoutTrade #ProfittoPath #SwingTrading #StockSetup #TechnicalAnalysis #AscendingSupport #SmartTrading #MomentumStocks
🔹 Asset: NVCT (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Trendline Breakout + Resistance Flip
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $10.40 (breakout and close confirmation)
✅ Stop-Loss (SL): Below $9.77 (trendline support + previous low)
🎯 Take Profit Targets
📌 TP1: $11.30 (previous resistance/supply zone)
📌 TP2: $12.48 (measured move target / next major resistance)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$10.40 - $9.77 = $0.63 risk per share
📈 Reward to TP1:
$11.30 - $10.40 = $0.90 → (1.42:1 R/R)
📈 Reward to TP2:
$12.48 - $10.40 = $2.08 → (3.30:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Support: Price bouncing off rising trendline, forming higher lows
📌 Breakout Candle: Strong bullish candle breaking above resistance
📌 Volume Consideration: Monitoring for confirmation with rising volume
📌 Retest In Progress: Yellow zone previously resistance, now potential support
⚙️ Trade Execution & Risk Management
📊 Confirm breakout with strong 30-min candle close
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $11.30
✔ Let the rest ride to TP2 = $12.48
✔ Trail stop above entry after first target
⚠️ Breakout Failure Risk
❌ Setup invalid if price falls below $9.77
❌ Avoid early entry without proper candle close above breakout level
🚀 Final Thoughts
✔ Strong ascending setup with bullish momentum
✔ Clean breakout with well-defined stop and targets
✔ Great R/R potential, up to 3.3:1
🔗 #NVCT #NASDAQ #BreakoutTrade #ProfittoPath #SwingTrading #StockSetup #TechnicalAnalysis #AscendingSupport #SmartTrading #MomentumStocks
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.