📊 Trendline Respect + Momentum Shift 🚀
This chart shows a bullish wedge breakout forming above a strong ascending trendline, holding above key structure levels. Buyers are defending support and building pressure for a breakout.
✅ Trade Plan (Long Position)
• Entry: Above $7.88 (breakout confirmation)
• Stop-Loss: Below $7.37 (trendline + support zone)
🎯 Take Profit Targets:
• TP1: $8.73 (near-term resistance zone)
• TP2: $9.78 (major breakout level)
• TP3: $11.00+ (extended upside potential)
📈 Risk-Reward Insights
• Risk: $7.88 - $7.37 = $0.51
• Reward to TP1: $0.85 → ~1:1.6
• Reward to TP2: $1.90 → ~1:3.7
• Reward to TP3: $3.12 → ~1:6.1
💡 Strong R:R profile with clean structure and solid confluence.
🔍 Technical Breakdown
✅ Trendline Support: Strong multi-touch uptrend line
✅ Wedge Breakout: Symmetrical triangle breakout forming
✅ Volume: Volume surge on breakout confirms strength
✅ Structure: Higher lows forming under resistance – bullish bias
🧠 Strategy & Risk Management
• Entry Only on Breakout: Wait for a 30-min close above $7.88
• SL to Break-even after TP1 ($8.73)
• Partial Profit Booking Strategy:
• Book 50% at TP1
• Ride remainder toward TP2 & TP3
• Trail Stop: Protect gains as price moves in your favor
📚 Value Insight for Traders
This setup teaches how trendline respect, consolidation, and volume align to create powerful breakouts. When price forms a tight range above a rising base, it's a sign of accumulation, not weakness. Let the breakout come to you.
⚠️ Risk Reminders
❌ Fake Breakout Risk – Exit early if price closes back below $7.88
❌ Volume Drop – A weak breakout with low volume may fail
✅ Stay mechanical, not emotional
🎯 Final Thoughts:
One quality setup > 10 random trades.
High-probability setup. Risk managed. Plan ready.
📈 Trade smart, trust the process, and let price action lead the way.
🔗 #QUBT #StockSetup #TradingView #BreakoutSetup #ProfittoPath #BullishChart #SwingTrade #TechnicalAnalysis #SmartTrading #MomentumTrade 💰📊
This chart shows a bullish wedge breakout forming above a strong ascending trendline, holding above key structure levels. Buyers are defending support and building pressure for a breakout.
✅ Trade Plan (Long Position)
• Entry: Above $7.88 (breakout confirmation)
• Stop-Loss: Below $7.37 (trendline + support zone)
🎯 Take Profit Targets:
• TP1: $8.73 (near-term resistance zone)
• TP2: $9.78 (major breakout level)
• TP3: $11.00+ (extended upside potential)
📈 Risk-Reward Insights
• Risk: $7.88 - $7.37 = $0.51
• Reward to TP1: $0.85 → ~1:1.6
• Reward to TP2: $1.90 → ~1:3.7
• Reward to TP3: $3.12 → ~1:6.1
💡 Strong R:R profile with clean structure and solid confluence.
🔍 Technical Breakdown
✅ Trendline Support: Strong multi-touch uptrend line
✅ Wedge Breakout: Symmetrical triangle breakout forming
✅ Volume: Volume surge on breakout confirms strength
✅ Structure: Higher lows forming under resistance – bullish bias
🧠 Strategy & Risk Management
• Entry Only on Breakout: Wait for a 30-min close above $7.88
• SL to Break-even after TP1 ($8.73)
• Partial Profit Booking Strategy:
• Book 50% at TP1
• Ride remainder toward TP2 & TP3
• Trail Stop: Protect gains as price moves in your favor
📚 Value Insight for Traders
This setup teaches how trendline respect, consolidation, and volume align to create powerful breakouts. When price forms a tight range above a rising base, it's a sign of accumulation, not weakness. Let the breakout come to you.
⚠️ Risk Reminders
❌ Fake Breakout Risk – Exit early if price closes back below $7.88
❌ Volume Drop – A weak breakout with low volume may fail
✅ Stay mechanical, not emotional
🎯 Final Thoughts:
One quality setup > 10 random trades.
High-probability setup. Risk managed. Plan ready.
📈 Trade smart, trust the process, and let price action lead the way.
🔗 #QUBT #StockSetup #TradingView #BreakoutSetup #ProfittoPath #BullishChart #SwingTrade #TechnicalAnalysis #SmartTrading #MomentumTrade 💰📊
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.