HLF – 1H Long Trade Setup!📌
🔹 Asset: Herbalife Ltd. (HLF)
🔹 Timeframe: 1-Hour Chart
🔹 Setup Type: Ascending Triangle Breakout & Trendline Support Long Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $8.32 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $7.51 (Break of Support & Trendline)
🎯 Take Profit Targets
📌 TP1: $9.26 (First Resistance Level)
📌 TP2: $10.42 (Final Target – Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $8.32 - $7.51 = $0.81 risk per share
📈 Reward to TP1: $9.26 - $8.32 = $0.94 (1.16 R/R)
📈 Reward to TP2: $10.42 - $8.32 = $2.10 (2.59 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout Setup: HLF is consolidating above a rising trendline, with a breakout level at $8.32.
📌 Trendline & Support Bounce: Price is respecting the trendline, indicating strong buyer control.
📌 Breakout Confirmation: A strong bullish candle above $8.32 with increasing volume would confirm momentum.
📌 Momentum Shift Expected: If price holds above $8.32, a rally toward $9.26 (TP1) and $10.42 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $7.51 – Strong Support / Stop-Loss Level
🟡 $8.32 – Entry / Breakout Level
🔴 $9.26 – First Resistance / TP1
🟢 $10.42 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $8.32 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($8.32) after TP1 ($9.26) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $9.26, let the rest run to $10.42.
✔ Adjust Stop-Loss to Break-even ($8.32) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price breaks below $8.32 and fails to hold, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $8.32 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $8.32 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.16 to TP1, 1:2.59 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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