Trade Setup Breakdown for ABSI (30-Min Chart)!📊
🔹 Stock: ABSI (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🚀 Trade Plan:
✅ Entry Zone: $4.90 - $5.00 (Breakout Confirmation)
✅ Stop-Loss (SL): $4.66 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $5.18 (First Resistance)
📌 TP2: $5.52 - $5.60 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$4.90 - $4.66 = $0.24
📈 Reward to TP1:
$5.18 - $4.90 = $0.28
💰 Risk-Reward Ratio to TP1: 1:1.16
📈 Reward to TP2:
$5.52 - $4.90 = $0.62
💰 Risk-Reward Ratio to TP2: 1:2.58
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price breaking resistance with strong momentum.
📌 Pattern Formation: Ascending Triangle Breakout, signaling bullish continuation.
📊 Key Support & Resistance Levels:
🟢 $4.66 (Support / SL Level)
🟢 $4.90 - $5.00 (Breakout Zone)
🟢 $5.18 (First Profit Target / Resistance)
🟢 $5.52 - $5.60 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $5.00, we could see a rally towards $5.18 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $5.00 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($5.18), move SL to $5.00 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $5.18, let the rest run to $5.52-$5.60.
✔ Adjust Stop-Loss to Break-even ($5.00) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $4.90, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $5.00, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.16 to TP1, 1:2.58 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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