EQT – 30-Min Long Trade Setup !📌🚀📈
🔹 Asset: EQT Corporation (NYSE: EQT)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 46.99 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 45.91 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 48.40 (First Resistance Level)
📌 TP2: 50.12 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 46.99 - 45.91 = 1.08 risk per unit
📈 Reward to TP1: 48.40 - 46.99 = 1.41 (1:1.3 R/R)
📈 Reward to TP2: 50.12 - 46.99 = 3.13 (1:2.89 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Falling Wedge Breakout: Price is breaking above descending resistance, signaling an uptrend.
📌 Support Confirmation: Strong demand zone at 45.91, holding well.
📌 Volume Confirmation Needed: Rising buy volume above 46.99 confirms momentum.
📌 Momentum Shift Expected: If price holds above 46.99, it could rally toward 48.40, then 50.12.
📊 Key Resistance & Support Levels
🟢 50.12 – Final Target / TP2
🔴 48.40 – First Resistance / TP1
🟡 46.99 – Breakout Level / Long Entry
⚪ 45.91 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying pressure above 46.99 before entering.
📉 Trailing Stop Strategy: Move SL to entry (46.99) after TP1 (48.40) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 48.40, let the rest run toward 50.12.
✔ Adjust Stop-Loss to Break-even (46.99) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 46.99 after breakout, exit early to limit losses.
❌ Wait for a strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Wedge breakout signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.89 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
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