NVD – 30-Min Long Trade Setup!📌 🚀📈
🔹 Asset: NVD (GraniteShares 2x Short NVDA Daily ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 34.97 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 32.92 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 37.59 (First Resistance Level)
📌 TP2: 40.09 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 34.97 - 32.92 = 2.05 risk per unit
📈 Reward to TP1: 37.59 - 34.97 = 2.62 (1:1.28 R/R)
📈 Reward to TP2: 40.09 - 34.97 = 5.12 (1:2.5 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout Formation: Price is breaking out from a descending trendline, confirming strength.
📌 Support Confirmation: Strong support at 32.92, acting as a demand zone.
📌 Volume Confirmation Needed: Ensure strong buying volume above 34.97 for momentum.
📌 Momentum Shift Expected: Staying above 34.97 could push price to 37.59 and further to 40.09.
📊 Key Resistance & Support Levels
🟢 40.09 – Final Target / TP2
🔴 37.59 – First Resistance / TP1
🟡 34.97 – Breakout Level / Long Entry
⚪ 32.92 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for strong bullish volume above 34.97 before entering.
📉 Trailing Stop Strategy: Move SL to entry (34.97) after TP1 (37.59) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 37.59, let the rest run toward 40.09.
✔ Adjust Stop-Loss to Break-even (34.97) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 34.97 after breakout, exit early to limit losses.
❌ Wait for strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breakout above 34.97 signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.5 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
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