Trade Setup Breakdown for MoneyLion Inc. (ML) - 30-Min Chart!📊
🔹 Asset: MoneyLion Inc. (ML)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Descending Triangle Breakout
🚀 Trade Plan:
✅ Entry Zone: $87.00 - $87.14 (Breakout Confirmation)
✅ Stop-Loss (SL): $86.53 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $87.71 (First Resistance)
📌 TP2: $88.50 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$87.00 - $86.53 = $0.47
📈 Reward to TP1:
$87.71 - $87.00 = $0.71
💰 Risk-Reward Ratio to TP1: 1:1.5
📈 Reward to TP2:
$88.50 - $87.00 = $1.50
💰 Risk-Reward Ratio to TP2: 1:3.2
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Watch for strong volume push above $87.14.
📌 Pattern Formation: Descending Triangle, signaling a potential bullish breakout.
📊 Key Support & Resistance Levels:
🟢 $86.53 (Support / SL Level)
🟢 $87.00 - $87.14 (Breakout Zone)
🟢 $87.71 (First Profit Target / Resistance)
🟢 $88.50 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price holds above $87.14, we could see a rally towards $87.71 and beyond.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $87.14 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($87.71), move SL to $87.14 to protect profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $87.71, let the rest run to $88.50.
✔ Adjust Stop-Loss to Break-even ($87.14) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $87.00, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $87.14, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3.2 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #ML #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
