CONI/USD – 30-Min Long Trade Setup!📈 🚀
🔹 Asset: CONI (GraniteShares 1x Short COIN Daily ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $13.30 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $12.90 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $13.63 (Resistance Breakout)
📌 TP2: $14.12 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $13.30 - $12.90 = $0.40 risk per share
📈 Reward to TP1: $13.63 - $13.30 = $0.33 (1:0.83 R/R)
📈 Reward to TP2: $14.12 - $13.30 = $0.82 (1:2.05 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Trendline Support: Price holding above trendline, indicating bullish momentum.
📌 Resistance Breakout: A breakout above $13.30 confirms buyer strength.
📌 Breakout Confirmation: A strong bullish candle closing above $13.30 with increased volume will validate the setup.
📌 Momentum Shift Expected: Sustained strength above $13.30 opens potential for $13.63 (TP1) and $14.12 (TP2).
📊 Key Support & Resistance Levels
🟢 $12.90 – Key Support / Stop-Loss Level
🟡 $13.30 – Entry / Breakout Level
🔴 $13.63 – First Target / TP1
🔴 $14.12 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $13.30 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($13.30) after TP1 ($13.63) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at TP1 ($13.63), let the rest run to TP2 ($14.12).
✔ Adjust Stop-Loss to Break-even ($13.30) after TP1 is reached.
⚠️ Breakout Failure Risk
❌ If price rejects $13.30 and falls below trendline ($12.90), exit early to minimize risk.
❌ Wait for a strong bullish candle close above $13.30 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – A breakout above $13.30 confirms strength.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.83 (TP1) & 1:2.05 (TP2).
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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