OPRT (NASDAQ) - 30-Min Chart Trade Setup Breakdown!

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πŸ” Stock: OPRT (NASDAQ)
⏳ Timeframe: 30-Min Chart
πŸ“ˆ Setup Type: Bullish Breakout
πŸ“ Trade Plan:
βœ… Entry Zone: Above $5.36 - $5.40 (Breakout Confirmation)
πŸš€ Take Profit 1 (TP1): $5.69 (First Resistance)
πŸš€ Take Profit 2 (TP2): $6.08 (Extended Bullish Target)
πŸ”» Stop-Loss (SL): Below $5.03 (Key Support)
πŸ“Š Risk-Reward Ratio: Favorable for a bullish continuation πŸ“ˆ

πŸ”Ή Technical Analysis & Setup:

βœ… Pattern: Bullish Breakout πŸ“ˆ
βœ… Breakout Confirmation Needed: Price holding above $5.36 with volume support
βœ… Resistance Zones:
$5.69: First Major Resistance
$6.08: Extended Target for strong momentum
βœ… Momentum Shift Expected: A breakout could trigger a strong uptrend πŸš€
πŸ”₯ Trade Strategy & Refinements:
πŸ“Š Volume Confirmation: Look for increasing buying volume above $5.36 πŸ“‰
πŸ“‰ Trailing Stop Strategy: Once price reaches TP1 ($5.69), adjust SL higher to secure profits πŸ›‘
πŸ’° Partial Profit Booking: Take partial profits at $5.69 and let the rest ride toward $6.08+ πŸ’΅
⚠️ Fake Breakout Risk: If price drops back below $5.36, reconsider entry ❌
πŸš€ Final Thoughts:

βœ… Bullish Breakout Confirmed – High probability of continuation higher πŸ“ˆ
βœ… Momentum Shift Possible – A move above $5.69 could accelerate the upside πŸš€
βœ… Strong Risk-Reward Setup – SL at $5.03, TP at $5.69 - $6.08 for optimal gains

πŸ“Š Trade Smart & Stick to the Plan! πŸ†πŸ”₯
πŸ”— #LongTrade #StockTrading #OPRT #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath πŸš€πŸ“ˆ

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