Trade Setup Breakdown for BMRA (30-Min Chart)!📊 🔹 Stock: BMRA (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🚀 Trade Plan:
✅ Entry Zone: $0.75 - $0.76 (Breakout Confirmation)
✅ Stop-Loss (SL): $0.6792 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $0.8345 (First Resistance)
📌 TP2: $0.9390 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$0.75 - $0.6792 = $0.0708
📈 Reward to TP1:
$0.8345 - $0.75 = $0.0845
💰 Risk-Reward Ratio to TP1: 1:1.19
📈 Reward to TP2:
$0.9390 - $0.75 = $0.1890
💰 Risk-Reward Ratio to TP2: 1:2.67
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price breaking out of ascending triangle with strong momentum.
📌 Pattern Formation: Ascending Triangle, signaling potential bullish continuation.
📊 Key Support & Resistance Levels:
🟢 $0.6792 (Support / SL Level)
🟢 $0.75 - $0.76 (Breakout Zone)
🟢 $0.8345 (First Profit Target / Resistance)
🟢 $0.9390 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $0.76, we could see a rally towards $0.8345 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $0.76 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($0.8345), move SL to $0.76 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $0.8345, let the rest run to $0.9390.
✔ Adjust Stop-Loss to Break-even ($0.76) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $0.75, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $0.76, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.19 to TP1, 1:2.67 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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