GRPN – Groupon, Inc. – 30-Min Long Trade Setup!📈 🚀
🔹 Asset: GRPN (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout + Resistance Flip
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $18.82 (Breakout zone + confluence)
✅ Stop-Loss (SL): Below $18.36 (Trendline + recent low)
🎯 Take Profit Targets
📌 TP1: $19.31 (Key resistance / supply zone)
📌 TP2: $19.95 (Measured breakout target / extension)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$18.82 - $18.36 = $0.46 risk per share
📈 Reward to TP1:
$19.31 - $18.82 = $0.49 → (1.06:1 R/R)
📈 Reward to TP2:
$19.95 - $18.82 = $1.13 → (2.45:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout: Resistance line breakout with rising lows
📌 Volume Support: Volume increasing as price nears breakout zone
📌 Consolidation Break: Tight range breakout indicates potential strength
📌 Retest in Progress: Yellow zone acting as previous resistance, now support
⚙️ Trade Execution & Risk Management
📊 Confirm entry after 30-min bullish candle close above $18.82
📉 Trailing Stop Strategy:
Move SL to breakeven once TP1 is reached
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $19.31
✔ Let the rest ride to TP2 = $19.95
✔ Raise SL above entry to lock in profits
⚠️ Breakout Failure Risk
❌ Setup becomes invalid if price breaks below $18.36
❌ Avoid entry without strong candle close above $18.82
🚀 Final Thoughts
✔ Ascending triangle breakout = bullish continuation pattern
✔ Decent risk-to-reward: up to 2.45:1
✔ Clean structure, low risk, and strong confluence setup
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