SLS Long Trade Setup (30-Min Chart)!### 🚀 ** 📈🔥**
🔍 **Stock:** SLS (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📈 **Setup Type:** Bullish Breakout
### 📍 **Trade Plan:**
✅ **Entry Zone:** **$1.55 - $1.62** (Breakout from Ascending Triangle)
🚀 **Take Profit 1 (TP1):** **$1.82** (Key Resistance)
🚀 **Take Profit 2 (TP2):** **$2.11+** (Extended Target if momentum continues)
🔻 **Stop-Loss (SL):** **$1.36** (Below support for risk control)
📊 **Risk-Reward Ratio:** Favorable for a bullish continuation 📉📈
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### 🔹 **Technical Analysis & Setup:**
✅ **Pattern:** **Ascending Triangle Breakout** 📈
✅ **Support Zone:** Strong buyer interest around **$1.55 - $1.62 (Yellow Zone)**
✅ **Breakout Confirmation Needed:** Price should hold above $1.62 with strong volume
✅ **Momentum Shift Expected:** Breakout above resistance signals **potential trend continuation**
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### 🔥 **Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for **increased buying volume** above $1.62 📈
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($1.82), adjust SL higher** to lock in profits
💰 **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($2.11+)**
⚠️ **Watch for Fake Breakouts:** If price **falls below $1.55**, reconsider the setup
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### 🚀 **Final Thoughts:**
✅ **Bullish Continuation Expected – High probability of breakout** 📈
✅ **Strong Support at $1.55 - $1.62 – Ideal entry for risk-reward optimization** 💰
✅ **Momentum Shift Possible – A push above $1.82 could drive SLS to $2.11+** 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
Would you like any refinements or additional insights? 🚀📈
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