MNPR – Monopar Therapeutics – 30-Min Long Trade Setup!📈 🚀
🔹 Asset: MNPR (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Trendline Support
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $39.96 (Breakout confirmation)
✅ Stop-Loss (SL): Below $36.35 (Wedge base & prior support)
🎯 Take Profit Targets
📌 TP1: $46.00 (Previous resistance zone)
📌 TP2: $52.69 (Major resistance / measured move target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$39.96 - $36.35 = $3.61 risk per share
📈 Reward to TP1:
$46.00 - $39.96 = $6.04 → (1.67:1 R/R)
📈 Reward to TP2:
$52.69 - $39.96 = $12.73 → (3.52:1 R/R)
🔍 Technical Analysis & Strategy
📌 Wedge Breakout: Break above descending resistance = bullish signal
📌 Trendline Support: Clean base forming higher lows
📌 Volume Buildup Expected: Confirm breakout with strong bullish close above yellow zone
📌 Retest + Continuation: Price reclaiming resistance, now acting as support
⚙️ Trade Execution & Risk Management
📊 Confirm breakout with a 30-min bullish candle close above $39.96
📉 Trailing Stop Strategy:
Move SL to breakeven once TP1 is reached
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $46.00
✔ Let remaining run to TP2 = $52.69
✔ Adjust SL to protect gains after TP1
⚠️ Breakout Failure Risk
❌ Setup is invalid if price breaks below $36.35
❌ No entry without confirmation above $39.96
🚀 Final Thoughts
✔ Falling wedge breakout + trendline = strong bullish confluence
✔ Great risk-to-reward up to 3.5:1
✔ Structured, low-risk opportunity with clean breakout zone
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