SSTI/USD – 30-Min Long Trade Setup !📌 🚀
🔹 Asset: SSTI (SoundThinking, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $16.87 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $15.59 (Support Breakdown)
🎯 Take Profit Targets:
📌 TP1: $18.36 (First Resistance Level)
📌 TP2: $20.16 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $16.87 - $15.59 = $1.28 risk per share
📈 Reward to TP1: $18.36 - $16.87 = $1.49 (1:1.16 R/R)
📈 Reward to TP2: $20.16 - $16.87 = $3.29 (1:2.57 R/R)
🔍 Technical Analysis & Strategy
📌 Wedge Breakout: Price is forming an ascending wedge and breaking above key resistance.
📌 Bullish Momentum Building: A breakout above $16.87 with strong volume will confirm continuation.
📌 Volume Confirmation Needed: Ensure high volume at breakout for a stronger bullish push.
📌 Momentum Shift Expected: If price sustains above $16.87, a move toward $18.36 and then $20.16 is likely.
📊 Key Support & Resistance Levels
🟢 $15.59 – Strong Support / Stop-Loss Level
🟡 $16.87 – Entry / Breakout Level
🔴 $18.36 – First Resistance / TP1
🟢 $20.16 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $16.87 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($16.87) after TP1 ($18.36) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $18.36, let the rest run to $20.16.
✔ Adjust Stop-Loss to Break-even ($16.87) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $16.87 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $16.87 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $16.87 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.16 to TP1, 1:2.57 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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