MSTX โ Defiance Daily Target 2x Long MSTR ETF โ 30-Min Long!๐๐
๐น Asset: MSTX (NASDAQ)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Breakout from Ascending Triangle / Wedge Pattern
๐ Trade Plan (Long Position)
โ
Entry Zone: Above $35.84 (Confirmed breakout level)
โ
Stop-Loss (SL): Below $32.18 (Wedge base & structure support)
๐ฏ Take Profit Targets:
๐ TP1: $39.58 (Major resistance zone)
๐ TP2: $44.77 (Extended target from pattern projection)
๐ Risk-Reward Ratio Calculation:
๐ Risk (SL Distance):
$35.84 - $32.18 = $3.66 risk per share
๐ Reward to TP1:
$39.58 - $35.84 = $3.74 (1.02:1 R/R)
๐ Reward to TP2:
$44.77 - $35.84 = $8.93 (2.44:1 R/R)
๐ Technical Analysis & Strategy
๐ Ascending Wedge Breakout: Price broke resistance of tightening structure โ bullish signal.
๐ Momentum Shift: Big green candles and volume spike indicate buyer strength.
๐ Retest Opportunity: Entry near $35.84 is ideal as price retests breakout zone.
๐ Clear Resistance Zones Above: Targets marked at key historical levels for precision.
โ๏ธ Trade Execution & Risk Management
๐ Volume Confirmation: Make sure bullish volume sustains above $35.84.
๐ Trailing Stop Strategy: Once TP1 ($39.58) is hit, move SL to entry ($35.84) to lock in gains.
๐ฐ Partial Profit Booking Strategy
โ Book 50% of profits at TP1 ($39.58)
โ Let remaining ride to TP2 ($44.77)
โ Adjust stop-loss to breakeven or higher after TP1
โ ๏ธ Breakout Failure Risk
โ Do not enter if price closes back below $35.84
โ Close position if $32.18 is broken โ setup is invalid
๐ Final Thoughts
โ Strong breakout setup with healthy volume confirmation
โ Clear bullish structure with great follow-through potential
โ High-probability trade offering 2.44:1 R/R to TP2 โ manage smartly!
๐ #MSTX #NASDAQ #LongTrade #ETFTrading #BreakoutSetup #ProfittoPath ๐๐ก