AVGX – Defiance – 30-Min Long Trade Setup!📈 🚀
🔹 Asset: AVGX (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Support Bounce
📊 Trade Plan (Long Position)
✅ Entry Zone: Around $15.00 (breakout confirmation + retest bounce)
✅ Stop-Loss (SL): Below $14.55 (recent low & demand zone)
🎯 Take Profit Targets
📌 TP1: $15.99 (gap-fill zone / supply area)
📌 TP2: $17.12 (strong resistance zone)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$15.00 - $14.55 = $0.45 risk per share
📈 Reward to TP1:
$15.99 - $15.00 = $0.99 → (2.2:1 R/R)
📈 Reward to TP2:
$17.12 - $15.00 = $2.12 → (4.71:1 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Pattern: Breakout from falling resistance trendline
📌 Support Confirmation: Price held near $14.55 before bouncing
📌 Retest Validated: Breakout zone retested with a bullish reaction (yellow circle)
📌 Momentum Shift: Squeeze indicator showing recovery potential
⚙️ Trade Execution & Risk Management
📊 Confirm bullish candle close above trendline breakout
📉 Trailing Stop Strategy:
Move SL to breakeven after TP1 hits
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $15.99
✔ Let the rest ride to TP2 = $17.12
✔ Adjust SL to protect profits
⚠️ Breakout Failure Risk
❌ Setup fails if price breaks below $14.55
❌ Wait for solid breakout candle before entering
🚀 Final Thoughts
✔ Falling wedge breakout signals reversal potential
✔ Strong support base around $14.50
✔ High R/R setup with potential up to 4.7:1
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