ACDC Long Trade Setup (30-Min Chart)!### ๐ **) ๐๐ฅ**
๐ **Stock:** ACDC (NASDAQ)
โณ **Timeframe:** 30-Min Chart
๐ **Setup Type:** Bullish Reversal
### ๐ **Trade Plan:**
โ
**Entry Zone:** **$7.20 - $7.25** (Falling Wedge Breakout + Support)
๐ **Take Profit 1 (TP1):** **$7.69** (Key Resistance)
๐ **Take Profit 2 (TP2):** **$8.29+** (Extended Target if momentum continues)
๐ป **Stop-Loss (SL):** **$6.91** (Below strong support for risk control)
๐ **Risk-Reward Ratio:** Favorable for a bullish setup ๐๐
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### ๐น **Technical Analysis & Setup:**
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**Pattern:** **Falling Wedge (Bullish Reversal Pattern) ๐ โ ๐**
โ
**Support Zone:** Strong buyer interest around **$7.20 - $7.25 (Yellow Zone)**
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**Breakout Confirmation Needed:** Price should break out of the wedge with strong volume
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**Momentum Shift Expected:** Higher lows forming, signaling bullish pressure
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### ๐ฅ **Trade Strategy & Refinements:**
๐ **Volume Confirmation:** Look for **increased buying volume** at breakout above $7.25 ๐
๐ **Trailing Stop Strategy:** Once price reaches **TP1 ($7.69), adjust SL higher** to lock in profits
๐ฐ **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($8.29+)**
โ ๏ธ **Watch for Fake Breakouts:** If price **drops below $7.00**, reconsider the setup
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### ๐ **Final Thoughts:**
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**Bullish Reversal Expected โ High probability of breakout continuation** ๐
โ
**Strong Support at $7.20 - $7.25 โ Ideal entry for risk-reward optimization** ๐ฐ
โ
**Momentum Shift Possible โ A push above $7.69 could drive ACDC to $8.29+** ๐
๐ **Trade Smart & Stick to Your Plan!** ๐๐ฅ
Would you like any refinements or additional insights? ๐๐
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