VERX – Vertex, Inc. – 30-Min Long Trade Setup!📈 🚀
🔹 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 📈💹
