LFMD/USD โ 30-Min Long Trade Setup!๐ ๐
๐น Asset: LFMD/USD
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Triangle Breakout
๐ Trade Plan (Long Position):
โ
Entry Zone: Above 7.97 USD (Breakout Confirmation)
โ
Stop-Loss (SL): Below 7.55 USD (Breakout Invalidated)
๐ฏ Take Profit Targets:
๐ TP1: 8.52 USD (First Resistance Level)
๐ TP2: 9.11 USD (Extended Bullish Target)
๐ Risk-Reward Ratio Calculation:
๐ Risk (SL Distance): Below 7.55 USD
๐ Reward to TP1: 8.52 USD
๐ Reward to TP2: 9.11 USD
๐ Technical Analysis & Strategy:
๐ Breakout Confirmation: A strong push above 7.97 USD signals bullish momentum.
๐ Pattern Formation: Bullish Triangle Breakout, indicating a potential upside continuation.
๐ Key Support & Resistance Levels:
๐ข 7.55 USD โ Strong Support / Stop-Loss Level
๐ก 7.97 USD โ Breakout Zone / Entry Level
๐ด 8.52 USD โ First Profit Target / Resistance
๐ข 9.11 USD โ Final Target for Momentum Extension
๐ Momentum Shift Expected:
๐ If price stays above 7.97 USD, it could rally towards 8.52 USD and 9.11 USD.
๐ A high-volume breakout would strengthen the trend continuation.
๐ฅ Trade Execution & Risk Management:
๐ Volume Confirmation: Ensure strong buying volume above 7.97 USD before entering.
๐ Trailing Stop Strategy: Move SL to entry (7.97 USD) after TP1 (8.52 USD) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at 8.52 USD, let the rest run to 9.11 USD.
โ Adjust Stop-Loss to Break-even (7.97 USD) after TP1 is reached.
โ ๏ธ Fake Breakout Risk:
If price falls below 7.97 USD, wait for a retest before considering re-entry.
๐ Final Thoughts:
โ Bullish Setup โ Holding above 7.97 USD could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.13 to TP1, 1:2.46 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
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LFMD trade ideas
Watch Movement Post Earnings. Strong bull for this stock as not only small caps have strength, but this company is rolling out there testosterone therapy and also has a cheap price tag.
My targets are listed on the right hand side in bright pink.
BUT, big but, if we lose this support there is nothing holding this thing up for a while until we reach previous support lines. I might be looking for a liquidity grab to the down side right after earnings and will watch for reversals. Manage risk please
That resistance is not holdingPrice keeps pushing to break up the resistance. Has survived all sell offs from previous weeks, actually has tried to break out a few times and is still there pushing up. Break out can happen at any moment and this stock likes to travel fast. Use limit orders for TP, take some profit at 5.40 and leave the rest for the final target.
FLMD biotechology rising post earningsFLMD had earnings in May with positive earnings beating the expectation of analysts that
it would continue to lose quarter after quarter. Investors and traders have reacted with a
80% run-up in the month after those earnings. On the 30-minute chart besides the consistent
uptrend with minor corrections, what stands out for me is the increasing volumes relative
to volumes before the last earnings report. Off the chart, I find information that insider trading
with buying more shares on top of existing holdings leads me to believe that this company
expects increasing revenues and sustained earnings.
LFMD - WAVE C ENDING - BUY SOON OR OPTIONS LONGER TERMAll,
LFMD had game changing fundamentals last quarter but still under downtrend resisance #2. This is a 3/4 retracement wave C should be ending RSI tells the story on the daily. I am watching EXTREMELY closely here. I think this is going to pop worst case is a double bottom at 7.7 or near it in which case I will absolutely be all in. Fundamnentally/valuation wise I personallly see LFMD at 14-18$ range and probably will go into 20's again from demand/lower float than most in category.
As always watch the entire market first and do not enter too early. Just wait for the stars to align and for the break up to happen. Also remember almost everytime on breaks there is the first wave up but wave 2 is almost always a better and safer entry (depends how fast it moves)
LFMD - SHORT TERM OPTIONS PLAY - GAP + ERAll,
I think LFMD has a shot here to at least fill the gap and go a little further 6.50-7.00 range with that being said I am only interested in short term options with tight stop losses or a longer term $10 call way out. Most analysts put this around $16 range. I think it's a little lower maybe $10-$12.
MUST add tight stop loss on options or stock here. The downside to this stock would plummet if it lost another level of support.
Risky Insider Buy Signal Trade on LFMDOur insider based AI generated a significant buy signal for LFMD yesterday.
It could be an interesting but high risky trade setup.
Technically it seems to be the potential end of an elliott wave two correction, after classical ABC correction. So next level would be around $24.52. In bad case, the stock will fall again after touching the yellow resistance. In that case we might stop the position early.
Nevertheless, it's a high risky small cap stock, with an risk/reward ratio of 7.59, which is great. We put a very small position into (0.5% of portfolio value).
Setting up for retraceDowntrendline broken, beautiful huge hammer formed on the daily. Riding 50 SMA.
Just crossed and held .618 fib would target next fib up for halfback at about $20 and monitor for continuation.
Slight ascending triangle formation that should have other side tested.
Money flow index and stochastic indicators have both signaled for reversal.