📊
🚀 Setup Type: Bullish Breakout (Trendline Break + Momentum Shift)
✅ Trade Plan (Long Position)
✅ Entry Zone: Above $49.83 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $49.10 (Support Level)
🎯 Take Profit Targets (TPs)
📌 TP1: $50.80 (Previous Resistance Zone)
📌 TP2: $51.82 (Breakout Target & Major Resistance)
📌 TP3: $53.00+ (Extended Upside Potential)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$49.83 - $49.10 = $0.73 risk per trade
📈 Reward to TP1:
$50.80 - $49.83 = $0.97 (1:1.3 R/R)
📈 Reward to TP2:
$51.82 - $49.83 = $1.99 (1:2.7 R/R)
📈 Reward to TP3:
$53.00 - $49.83 = $3.17 (1:4.3 R/R)
✅ Favorable risk-reward ratio with strong breakout potential!
🔍 Technical Analysis & Strategy
📌 Trendline Breakout: Price has broken above a descending trendline, signaling bullish momentum.
📌 Key Resistance Flip: Reclaiming $50.80 strengthens the setup.
📌 Volume Confirmation: High buying pressure above $49.83 confirms strength.
📌 Momentum Shift: Bullish structure forming higher highs and higher lows.
📈 Trade Execution & Risk Management
✔ Wait for Confirmation: A 30-min candle close above $49.83 strengthens the breakout.
✔ Adjust Stop-Loss: Move SL to break-even ($49.83) after hitting TP1 ($50.80).
✔ Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($50.80) and let the rest run toward TP2 & TP3.
✔ Adjust Stop-Loss to Break-even ($49.83) after TP1 is reached.
⚠️ Risks & Considerations ❌ Fake Breakout Risk: If the price falls back below $49.83, exit early.
❌ Market Conditions: Ensure volume supports the breakout.
🚀 Final Thoughts ✔ Bullish Setup – Strong upside potential.
✔ Trendline Break + Momentum Shift – High confluence setup.
✔ Favorable Risk-Reward Ratio – 1:4.3 toward TP3.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #TPG #Stocks #Breakout #TradingView #ProfittoPath 💰📊
🚀 Setup Type: Bullish Breakout (Trendline Break + Momentum Shift)
✅ Trade Plan (Long Position)
✅ Entry Zone: Above $49.83 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $49.10 (Support Level)
🎯 Take Profit Targets (TPs)
📌 TP1: $50.80 (Previous Resistance Zone)
📌 TP2: $51.82 (Breakout Target & Major Resistance)
📌 TP3: $53.00+ (Extended Upside Potential)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$49.83 - $49.10 = $0.73 risk per trade
📈 Reward to TP1:
$50.80 - $49.83 = $0.97 (1:1.3 R/R)
📈 Reward to TP2:
$51.82 - $49.83 = $1.99 (1:2.7 R/R)
📈 Reward to TP3:
$53.00 - $49.83 = $3.17 (1:4.3 R/R)
✅ Favorable risk-reward ratio with strong breakout potential!
🔍 Technical Analysis & Strategy
📌 Trendline Breakout: Price has broken above a descending trendline, signaling bullish momentum.
📌 Key Resistance Flip: Reclaiming $50.80 strengthens the setup.
📌 Volume Confirmation: High buying pressure above $49.83 confirms strength.
📌 Momentum Shift: Bullish structure forming higher highs and higher lows.
📈 Trade Execution & Risk Management
✔ Wait for Confirmation: A 30-min candle close above $49.83 strengthens the breakout.
✔ Adjust Stop-Loss: Move SL to break-even ($49.83) after hitting TP1 ($50.80).
✔ Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($50.80) and let the rest run toward TP2 & TP3.
✔ Adjust Stop-Loss to Break-even ($49.83) after TP1 is reached.
⚠️ Risks & Considerations ❌ Fake Breakout Risk: If the price falls back below $49.83, exit early.
❌ Market Conditions: Ensure volume supports the breakout.
🚀 Final Thoughts ✔ Bullish Setup – Strong upside potential.
✔ Trendline Break + Momentum Shift – High confluence setup.
✔ Favorable Risk-Reward Ratio – 1:4.3 toward TP3.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #TPG #Stocks #Breakout #TradingView #ProfittoPath 💰📊
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.