Trade Setup Breakdown for GOSS (30-Min Chart)!📊
🔹 Stock: GOSS (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🚀 Trade Plan:
✅ Entry Zone: $1.22 - $1.25 (Breakout Confirmation)
✅ Stop-Loss (SL): $1.17 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $1.34 (First Resistance)
📌 TP2: $1.44 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$1.24 - $1.17 = $0.07
📈 Reward to TP1:
$1.34 - $1.24 = $0.10
💰 Risk-Reward Ratio to TP1: 1:1.42
📈 Reward to TP2:
$1.44 - $1.24 = $0.20
💰 Risk-Reward Ratio to TP2: 1:2.85
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price breaking the ascending triangle with momentum.
📌 Pattern Formation: Ascending Triangle Breakout, signaling bullish continuation.
📊 Key Support & Resistance Levels:
🟢 $1.17 (Support / SL Level)
🟢 $1.22 - $1.25 (Breakout Zone)
🟢 $1.34 (First Profit Target / Resistance)
🟢 $1.44 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $1.25, we could see a rally towards $1.34 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $1.25 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($1.34), move SL to $1.25 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $1.34, let the rest run to $1.44.
✔ Adjust Stop-Loss to Break-even ($1.25) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $1.22, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $1.25, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.42 to TP1, 1:2.85 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
