📈 🚀
🔹 Asset: VERX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Trendline Bounce + Falling Wedge Breakout
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $35.00 (Trendline and wedge breakout)
✅ Stop-Loss (SL): Below $34.73 (Trendline support & previous low)
🎯 Take Profit Targets
📌 TP1: $36.46 (Horizontal resistance zone)
📌 TP2: $37.43 (Major resistance / extension level)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$35.00 - $34.73 = $0.27 risk per share
📈 Reward to TP1:
$36.46 - $35.00 = $1.46 (5.41:1 R/R)
📈 Reward to TP2:
$37.43 - $35.00 = $2.43 (9:1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Respect: Clean bounce from rising trendline support
📌 Falling Wedge Breakout: Break of descending resistance suggests bullish momentum shift
📌 Volume Confirmation: Small green breakout candle + bounce suggests buyers stepping in
📌 Retest & Reversal: Rejected below $35 and reclaimed, confirming support strength
⚙️ Trade Execution & Risk Management
📊 Confirm entry after a 30-min bullish close above $35.00
📉 Trailing Stop Strategy: Move SL to breakeven once TP1 is hit
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $36.46
✔ Let the remaining ride toward TP2 = $37.43
✔ Adjust stop-loss above entry to secure profits
⚠️ Breakout Failure Risk
❌ Setup invalid if price breaks below $34.73
❌ Avoid entry without candle close above $35.00
🚀 Final Thoughts
✔ Bounce from trendline with breakout = high-conviction signal
✔ Impressive R/R potential: up to 9:1 to TP2
✔ Clean, low-risk setup with well-defined technicals
🔗 #VERX #NASDAQ #BreakoutTrade #SwingTrading #ProfittoPath #StockSetup #TrendlineBounce 📈💹
🔹 Asset: VERX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Trendline Bounce + Falling Wedge Breakout
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $35.00 (Trendline and wedge breakout)
✅ Stop-Loss (SL): Below $34.73 (Trendline support & previous low)
🎯 Take Profit Targets
📌 TP1: $36.46 (Horizontal resistance zone)
📌 TP2: $37.43 (Major resistance / extension level)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$35.00 - $34.73 = $0.27 risk per share
📈 Reward to TP1:
$36.46 - $35.00 = $1.46 (5.41:1 R/R)
📈 Reward to TP2:
$37.43 - $35.00 = $2.43 (9:1 R/R)
🔍 Technical Analysis & Strategy
📌 Trendline Respect: Clean bounce from rising trendline support
📌 Falling Wedge Breakout: Break of descending resistance suggests bullish momentum shift
📌 Volume Confirmation: Small green breakout candle + bounce suggests buyers stepping in
📌 Retest & Reversal: Rejected below $35 and reclaimed, confirming support strength
⚙️ Trade Execution & Risk Management
📊 Confirm entry after a 30-min bullish close above $35.00
📉 Trailing Stop Strategy: Move SL to breakeven once TP1 is hit
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $36.46
✔ Let the remaining ride toward TP2 = $37.43
✔ Adjust stop-loss above entry to secure profits
⚠️ Breakout Failure Risk
❌ Setup invalid if price breaks below $34.73
❌ Avoid entry without candle close above $35.00
🚀 Final Thoughts
✔ Bounce from trendline with breakout = high-conviction signal
✔ Impressive R/R potential: up to 9:1 to TP2
✔ Clean, low-risk setup with well-defined technicals
🔗 #VERX #NASDAQ #BreakoutTrade #SwingTrading #ProfittoPath #StockSetup #TrendlineBounce 📈💹
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.