CMPX (NASDAQ) - 30-Min Chart Long Trade Setup for Monday!🔥 🚀
🔍 Stock: CMPX (NASDAQ)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $3.50 - $3.64 (Breakout Confirmation)
🟢 Take Profit 1 (TP1): $3.64 (First Resistance Target)
🟢 Take Profit 2 (TP2): $3.80 (Extended Bullish Target)
🚀 Stop-Loss (SL): Below $3.37 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 🚀
🔹 Technical Analysis & Setup:
✅ Pattern: Ascending Triangle Breakout 📈
✅ Breakout Confirmation Needed: Sustained price above $3.50 with volume increase
✅ Support & Resistance Levels:
🔸 $3.50 (Breakout Zone)
🔸 $3.64 (First Major Resistance)
🔸 $3.80 (Extended Target for strong momentum)
✅ Momentum Shift Expected: A breakout above $3.50 could trigger an upside rally 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $3.50 📈
📈 Trailing Stop Strategy: Once price reaches TP1 ($3.64), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $3.64 and let the rest ride toward $3.80+ 💵
⚠️ Fake Breakout Risk: If the price fails to hold above $3.50, reconsider entry ❌
🚀 Final Thoughts:
✅ Bullish Breakout Potential – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $3.64 could accelerate upside 🚀
✅ Strong Risk-Reward Setup – SL at $3.37, TP at $3.64 - $3.80+ for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
🔗 #StockMarket #CMPX #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #BullishSetup #ProfittoPath 🚀📈
