HYPR/USD โ 30-Min Long Trade Setup!๐ ๐
๐น Asset: HYPR (Hyperfine, Inc.)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Breakout Trade
๐ Trade Plan (Long Position)
โ
Entry Zone: Above $0.9600 (Breakout Confirmation)
โ
Stop-Loss (SL): Below $0.8807 (Invalidation Level)
๐ฏ Take Profit Targets:
๐ TP1: $1.06 (First Resistance Level)
๐ TP2: $1.18 (Extended Bullish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $0.9600 - $0.8807 = $0.0793 risk per share
๐ Reward to TP1: $1.06 - $0.9600 = $0.10 (1:1.3 R/R)
๐ Reward to TP2: $1.18 - $0.9600 = $0.22 (1:2.8 R/R)
๐ Technical Analysis & Strategy
๐ Falling Wedge Breakout: Price is breaking out of a downward wedge, signaling a potential bullish reversal.
๐ Support Rejection: Strong bounce from $0.8807 support, confirming buyer interest.
๐ Heikin Ashi Confirmation: Candles show reduced selling pressure and indicate a shift toward an uptrend.
๐ Volume Confirmation Needed: Ensure high buying volume above $0.9600 to confirm breakout.
๐ Momentum Shift Expected: If price sustains above $0.9600, potential rally toward $1.06, then $1.18.
๐ Key Support & Resistance Levels
๐ข $0.8807 โ Stop-Loss / Strong Support
๐ก $0.9600 โ Breakout Level / Long Entry
๐ด $1.06 โ First Resistance / TP1
๐ด $1.18 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure strong buying volume above $0.9600 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($0.9600) after TP1 ($1.06) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $1.06, let the rest run toward $1.18.
โ Adjust Stop-Loss to Break-even ($0.9600) after TP1 is reached.
โ ๏ธ Fake Breakout Risk
โ If price fails to hold above $0.9600 and drops back, exit early to avoid losses.
โ Wait for a strong bullish candle close above $0.9600 before entering aggressively.
๐ Final Thoughts
โ Bullish Setup โ Breakout from a falling wedge suggests a potential trend shift.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.3 to TP1, 1:2.8 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
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