ON/USD – 30-Min Long Trade Setup !📌 🚀
🔹 Asset: ON (ON Semiconductor Corporation)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $45.84 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $44.79 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $48.15 (First Resistance Level)
📌 TP2: $50.91 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $45.84 - $44.79 = $1.05 risk per share
📈 Reward to TP1: $48.15 - $45.84 = $2.31 (1:2.2 R/R)
📈 Reward to TP2: $50.91 - $45.84 = $5.07 (1:4.8 R/R)
🔍 Technical Analysis & Strategy
📌 Downtrend Breakout: Price has broken out of a falling trendline, signaling a bullish reversal.
📌 Support Rejection: The price bounced off $44.79 support, showing buyer strength.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $45.84 to confirm bullish momentum.
📌 Momentum Shift Expected: If price remains above $45.84, it could push toward $48.15, and further to $50.91.
📊 Key Support & Resistance Levels
🟢 $44.79 – Stop-Loss / Support Level
🟡 $45.84 – Breakout Level / Long Entry
🔴 $48.15 – First Resistance / TP1
🔴 $50.91 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $45.84 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($45.84) after TP1 ($48.15) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $48.15, let the rest run toward $50.91.
✔ Adjust Stop-Loss to Break-even ($45.84) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $45.84 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $45.84 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Bouncing from $44.79 support suggests a potential reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.2 to TP1, 1:4.8 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 Hashtags for Reach & Engagement:
#StockMarket 📉 #ON 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #Trading 📈 #Finance 💵 #ProfittoPath 🚀 #SwingTrading 🔄 #DayTrading ⚡ #StockTrader 💸 #TechnicalAnalysis 📉 #EconomicNews 🏛️ #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 🐂