Long Trade Setup Breakdown for Magnera Corporation (MAGN) - 30!📊
🔹 Asset: Magnera Corporation (MAGN)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Momentum Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $22.79 (Breakout Confirmation)
✅ Stop-Loss (SL): $21.96 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $23.78 (First Resistance)
📌 TP2: $25.01 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$22.79 - $21.96 = $0.83
📈 Reward to TP1:
$23.78 - $22.79 = $0.99
💰 Risk-Reward Ratio to TP1: 1:1.2
📈 Reward to TP2:
$25.01 - $22.79 = $2.22
💰 Risk-Reward Ratio to TP2: 1:2.7
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $22.79 signals continuation.
📌 Pattern Formation: Bullish momentum breakout, suggesting an uptrend continuation.
📊 Key Support & Resistance Levels:
🟢 $21.96 (Strong Support / SL Level)
🟡 $22.79 (Breakout Zone / Entry)
🔴 $23.78 (First Profit Target / Resistance)
🟢 $25.01 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $22.79, it could push towards $23.78 and $25.01.
Higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($23.78), move SL to entry ($22.79) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $23.78, let the rest run to $25.01.
✔ Adjust Stop-Loss to Break-even ($22.79) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $22.79 after breakout, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $22.79, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #MAGN #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
