Long Trade Setup Breakdown for Lightbridge Corporation (LTBR) !📊
🔹 Asset: Lightbridge Corporation (LTBR)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Rising Wedge Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $14.60 (Breakout Confirmation)
✅ Stop-Loss (SL): $13.23 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $16.06 (First Resistance)
📌 TP2: $18.03 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$14.60 - $13.23 = $1.37
📈 Reward to TP1:
$16.06 - $14.60 = $1.46
💰 Risk-Reward Ratio to TP1: 1:1.1
📈 Reward to TP2:
$18.03 - $14.60 = $3.43
💰 Risk-Reward Ratio to TP2: 1:2.5
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $14.60 signals continuation.
📌 Pattern Formation: Rising Wedge Breakout, suggesting continued bullish movement.
📊 Key Support & Resistance Levels:
🟢 $13.23 (Strong Support / SL Level)
🟡 $14.60 (Breakout Zone / Entry)
🔴 $16.06 (First Profit Target / Resistance)
🟢 $18.03 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $14.60, it could push towards $16.06 and $18.03.
Higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($16.06), move SL to entry ($14.60) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $16.06, let the rest run to $18.03.
✔ Adjust Stop-Loss to Break-even ($14.60) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $14.60 after breakout, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $14.60, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.5 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #LTBR #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
