AVR – 30-Min Long Trade Setup!📌
🔹 Asset: Anteris Technologies Global Corp. (AVR)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout Long Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $8.23 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $7.97 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $8.52 (First Resistance Level)
📌 TP2: $8.86 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $8.23 - $7.97 = $0.26 risk per share
📈 Reward to TP1: $8.52 - $8.23 = $0.29 (1.1 R/R)
📈 Reward to TP2: $8.86 - $8.23 = $0.63 (2.4 R/R)
🔍 Technical Analysis & Strategy
📌 Triangle Breakout Setup: The price is breaking out from a symmetrical triangle pattern, suggesting a bullish continuation.
📌 Support & Trendline Bounce: Price tested the rising trendline support (~$7.97) and bounced.
📌 Breakout Confirmation: A strong bullish candle above $8.23 with increasing volume would confirm the move.
📌 Momentum Shift Expected: If price holds above $8.23, a rally toward $8.52 (TP1) and $8.86 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $7.97 – Strong Support / Stop-Loss Level
🟡 $8.23 – Entry / Breakout Level
🔴 $8.52 – First Resistance / TP1
🟢 $8.86 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $8.23 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.23) after TP1 ($8.52) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $8.52, let the rest run to $8.86.
✔ Adjust Stop-Loss to Break-even ($8.23) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price breaks below $7.97, it could indicate a bearish continuation—exit early.
❌ Wait for a strong candle close above $8.23 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $8.23 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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