NVCT – Nuvectis Pharma Inc. – 30-Min Long Trade Setup!📈 🚀
🔹 Asset: NVCT (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Trendline Breakout + Resistance Flip
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $10.40 (breakout and close confirmation)
✅ Stop-Loss (SL): Below $9.77 (trendline support + previous low)
🎯 Take Profit Targets
📌 TP1: $11.30 (previous resistance/supply zone)
📌 TP2: $12.48 (measured move target / next major resistance)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$10.40 - $9.77 = $0.63 risk per share
📈 Reward to TP1:
$11.30 - $10.40 = $0.90 → (1.42:1 R/R)
📈 Reward to TP2:
$12.48 - $10.40 = $2.08 → (3.30:1 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Support: Price bouncing off rising trendline, forming higher lows
📌 Breakout Candle: Strong bullish candle breaking above resistance
📌 Volume Consideration: Monitoring for confirmation with rising volume
📌 Retest In Progress: Yellow zone previously resistance, now potential support
⚙️ Trade Execution & Risk Management
📊 Confirm breakout with strong 30-min candle close
📉 Trailing Stop Strategy:
Move SL to breakeven after hitting TP1
💰 Partial Profit Booking Strategy
✔ Book 50% at TP1 = $11.30
✔ Let the rest ride to TP2 = $12.48
✔ Trail stop above entry after first target
⚠️ Breakout Failure Risk
❌ Setup invalid if price falls below $9.77
❌ Avoid early entry without proper candle close above breakout level
🚀 Final Thoughts
✔ Strong ascending setup with bullish momentum
✔ Clean breakout with well-defined stop and targets
✔ Great R/R potential, up to 3.3:1
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