CPIX – 30-Min Long Trade Setup!📌
🔹 Asset: Cumberland Pharmaceuticals Inc. (CPIX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Descending Triangle Breakout Long Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $5.36 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $4.74 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $6.13 (First Resistance Level)
📌 TP2: $7.23 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $5.36 - $4.74 = $0.62 risk per share
📈 Reward to TP1: $6.13 - $5.36 = $0.77 (1.24 R/R)
📈 Reward to TP2: $7.23 - $5.36 = $1.87 (3.02 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Triangle Breakout Setup: CPIX has been consolidating in a downward-sloping triangle, with a breakout expected at $5.36.
📌 Trendline & Support Bounce: The price is attempting to break out of the pattern, indicating buyer accumulation.
📌 Breakout Confirmation: A strong bullish candle above $5.36 with increasing volume would confirm momentum.
📌 Momentum Shift Expected: If price holds above $5.36, a rally toward $6.13 (TP1) and $7.23 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $4.74 – Strong Support / Stop-Loss Level
🟡 $5.36 – Entry / Breakout Level
🔴 $6.13 – First Resistance / TP1
🟢 $7.23 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $5.36 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($5.36) after TP1 ($6.13) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $6.13, let the rest run to $7.23.
✔ Adjust Stop-Loss to Break-even ($5.36) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $5.36 and breaks back down, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $5.36 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $5.36 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.24 to TP1, 1:3.02 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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