Long Trade Setup Breakdown for Neuronetics, Inc. (STIM) - 30-Min📊
🔹 Asset: Neuronetics, Inc. (STIM)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $4.35 (Breakout Confirmation)
✅ Stop-Loss (SL): $3.99 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $4.76 (First Resistance)
📌 TP2: $5.18 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$4.35 - $3.99 = $0.36
📈 Reward to TP1:
$4.76 - $4.35 = $0.41
💰 Risk-Reward Ratio to TP1: 1:1.14
📈 Reward to TP2:
$5.18 - $4.35 = $0.83
💰 Risk-Reward Ratio to TP2: 1:2.3
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $4.35 signals continuation.
📌 Pattern Formation: Ascending Triangle Breakout, indicating bullish movement.
📊 Key Support & Resistance Levels:
🟢 $3.99 (Strong Support / SL Level)
🟡 $4.35 (Breakout Zone / Entry)
🔴 $4.76 (First Profit Target / Resistance)
🟢 $5.18 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $4.35, it could push towards $4.76 and $5.18.
A high-volume breakout would confirm the strength in trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($4.76), move SL to entry ($4.35) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $4.76, let the rest run to $5.18.
✔ Adjust Stop-Loss to Break-even ($4.35) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $4.35, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $4.35, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.14 to TP1, 1:2.3 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #STIM #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
