COTY (NYSE) - 30-Min Chart Long Trade Setup for Monday!🔥 🚀
🔍 Stock: COTY (NYSE)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $6.76 - $7.00 (Breakout Confirmation)
🟢 Take Profit 1 (TP1): $7.00 (First Resistance Target)
🟢 Take Profit 2 (TP2): $7.24 (Extended Bullish Target)
🚀 Stop-Loss (SL): Below $6.61 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 🚀
🔹 Technical Analysis & Setup:
✅ Pattern: Falling Wedge Breakout 📈
✅ Breakout Confirmation Needed: Sustained price above $6.76 with volume increase
✅ Support & Resistance Levels:
🔸 $6.76 (Breakout Zone)
🔸 $7.00 (First Major Resistance)
🔸 $7.24 (Extended Target for strong momentum)
✅ Momentum Shift Expected: A breakout above $6.76 could trigger an upside rally 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $6.76 📈
📈 Trailing Stop Strategy: Once price reaches TP1 ($7.00), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $7.00 and let the rest ride toward $7.24+ 💵
⚠️ Fake Breakout Risk: If the price fails to hold above $6.76, reconsider entry ❌
🚀 Final Thoughts:
✅ Bullish Breakout Potential – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $7.00 could accelerate upside 🚀
✅ Strong Risk-Reward Setup – SL at $6.61, TP at $7.00 - $7.24+ for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
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