Long Trade Setup – SIBN!📈
🔹 Asset: SI-BONE, Inc. (NASDAQ: SIBN)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Bullish Pennant Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $17.44 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $16.70 (Pennant Invalidation Level)
🎯 Take Profit Targets
📌 TP1: $18.40 – Recent Resistance Zone
📌 TP2: $19.44 – Measured Move Target
📊 Risk-Reward Calculation
📉 Risk: $17.44 - $16.70 = $0.74
📈 Reward to TP1: $18.40 - $17.44 = $0.96 → 1:1.29 R/R
📈 Reward to TP2: $19.44 - $17.44 = $2.00 → 1:2.70 R/R ✅
🔍 Technical Highlights
📌 Bullish pennant forming after strong rally
📌 Breakout candle confirmed with volume
📌 Clean structure with consolidation above previous high
📌 Favorable price action with momentum buildup
📈 Execution Strategy
📊 Enter after breakout candle above $17.44
📉 SL below pennant base ($16.70)
💰 Partial profits at TP1, trail rest toward TP2
🚨 Invalidation Risk
❌ Exit if price breaks below $16.70 with volume
❌ Weak follow-through = reduce position or exit early
🚀 Final Take
✔ Bullish continuation pattern with strong structure
✔ Excellent reward-to-risk setup
✔ Let momentum work for you — plan your trade, trade your plan
