Trade Setup Breakdown for SWIM (30-Min Chart)!📊
🔹 Stock: SWIM (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan:
✅ Entry Zone: $6.56 - $6.60 (Breakout Confirmation)
✅ Stop-Loss (SL): $6.39 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $6.76 (First Resistance)
📌 TP2: $7.00 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$6.56 - $6.39 = $0.17
📈 Reward to TP1:
$6.76 - $6.56 = $0.20
💰 Risk-Reward Ratio to TP1: 1:1.2
📈 Reward to TP2:
$7.00 - $6.56 = $0.44
💰 Risk-Reward Ratio to TP2: 1:2.5
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price moving above $6.60 with increasing volume.
📌 Pattern Formation: Symmetrical Triangle Breakout, signaling a potential bullish move.
📊 Key Support & Resistance Levels:
🟢 $6.39 (Support / SL Level)
🟢 $6.56 - $6.60 (Breakout Zone)
🟢 $6.76 (First Profit Target / Resistance)
🟢 $7.00 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $6.60, we could see an upside rally towards $6.76 and $7.00.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $6.60 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($6.76), move SL to $6.60 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $6.76, let the rest run to $7.00.
✔ Adjust Stop-Loss to Break-even ($6.60) after TP1 is hit.
⚠️ Fake Breakout Risk:
If the price fails to hold above $6.56, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Breakout Setup – If price sustains above $6.60, a strong move is expected.
✔ Momentum Shift Possible – Volume increase will confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.5 to TP2.
💡 Stick to the trade plan, manage risk, and trade smart! 🚀🏆
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