📈 🚀
🔹 Asset: TNXP (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Trendline Support
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $26.53 (Breakout zone + trendline support)
✅ Stop-Loss (SL): Below $23.81 (Previous support & trendline base)
🎯 Take Profit Targets
📌 TP1: $31.64 (Previous resistance zone)
📌 TP2: $37.76 (Major resistance / measured move target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$26.53 - $23.81 = $2.72 risk per share
📈 Reward to TP1:
$31.64 - $26.53 = $5.11 → (1.88:1 R/R)
📈 Reward to TP2:
$37.76 - $26.53 = $11.23 → (4.13:1 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakout: Price consolidating and now testing triangle resistance
📌 Volume Pick-up Expected: Ideal breakout candidate if volume expands above $26.53
📌 Trendline Support Holding: Consistent higher lows with bullish structure
📌 Break + Retest Zone: Yellow zone acting as breakout confirmation
⚙️ Trade Execution & Risk Management
📊 Wait for a 30-min bullish close above $26.53
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $31.64
✔ Let the rest ride toward TP2 = $37.76
✔ Trail SL above entry to secure gains
⚠️ Breakout Failure Risk
❌ Setup invalid if price breaks below $23.81
❌ Avoid entry without clear breakout close above $26.53
🚀 Final Thoughts
✔ Triangle breakout + trendline support = solid bullish setup
✔ Reward potential up to 4.13:1 R/R
✔ Clean structure, strong confluence, manageable risk
🔗 #TNXP #NASDAQ #BreakoutTrade #SwingTrading #ProfittoPath #TechnicalSetup #TriangleBreakout #TrendlineSupport #StockTrading #RiskReward #PharmaStocks
🔹 Asset: TNXP (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout + Trendline Support
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $26.53 (Breakout zone + trendline support)
✅ Stop-Loss (SL): Below $23.81 (Previous support & trendline base)
🎯 Take Profit Targets
📌 TP1: $31.64 (Previous resistance zone)
📌 TP2: $37.76 (Major resistance / measured move target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$26.53 - $23.81 = $2.72 risk per share
📈 Reward to TP1:
$31.64 - $26.53 = $5.11 → (1.88:1 R/R)
📈 Reward to TP2:
$37.76 - $26.53 = $11.23 → (4.13:1 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakout: Price consolidating and now testing triangle resistance
📌 Volume Pick-up Expected: Ideal breakout candidate if volume expands above $26.53
📌 Trendline Support Holding: Consistent higher lows with bullish structure
📌 Break + Retest Zone: Yellow zone acting as breakout confirmation
⚙️ Trade Execution & Risk Management
📊 Wait for a 30-min bullish close above $26.53
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $31.64
✔ Let the rest ride toward TP2 = $37.76
✔ Trail SL above entry to secure gains
⚠️ Breakout Failure Risk
❌ Setup invalid if price breaks below $23.81
❌ Avoid entry without clear breakout close above $26.53
🚀 Final Thoughts
✔ Triangle breakout + trendline support = solid bullish setup
✔ Reward potential up to 4.13:1 R/R
✔ Clean structure, strong confluence, manageable risk
🔗 #TNXP #NASDAQ #BreakoutTrade #SwingTrading #ProfittoPath #TechnicalSetup #TriangleBreakout #TrendlineSupport #StockTrading #RiskReward #PharmaStocks
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.