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ThredUp Inc.
Long
12 hours ago
TDUP (NASDAQ) - 30-Min Chart Long Trade Setup!
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π
π Stock: TDUP (NASDAQ)
β³ Timeframe: 30-Min Chart
π Setup Type: Bullish Breakout
π Trade Plan:
β Entry Zone: Above $2.64 - $2.67 (Breakout Confirmation)
π Take Profit 1 (TP1): $2.78 (First Resistance)
π Take Profit 2 (TP2): $2.92 (Extended Bullish Target)
π» Stop-Loss (SL): Below $2.51 (Key Support)
π Risk-Reward Ratio: Favorable for a bullish continuation π
πΉ Technical Analysis & Setup:
β Pattern: Ascending Triangle Breakout π
β Breakout Confirmation Needed: Price holding above $2.64 with volume support
β Resistance Zones:
$2.78: First Major Resistance
$2.92: Extended Target for strong momentum
β Momentum Shift Expected: A breakout could trigger a strong uptrend π
π₯ Trade Strategy & Refinements:
π Volume Confirmation: Look for increasing buying volume above $2.64 π
π Trailing Stop Strategy: Once price reaches TP1 ($2.78), adjust SL higher to secure profits π
π° Partial Profit Booking: Take partial profits at $2.78 and let the rest ride toward $2.92+ π΅
β οΈ Fake Breakout Risk: If price drops back below $2.64, reconsider entry β
π Final Thoughts:
β Bullish Breakout Confirmed β High probability of continuation higher π
β Momentum Shift Possible β A move above $2.78 could accelerate the upside π
β Strong Risk-Reward Setup β SL at $2.51, TP at $2.78 - $2.92 for optimal gains
π Trade Smart & Stick to the Plan! ππ₯
π #LongTrade #StockTrading #TDUP #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath ππ
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