Long Trade Setup Breakdown for Ranpak Holdings Corp. (PACK) 30📊
🔹 Asset: Ranpak Holdings Corp. (PACK)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Descending Trendline Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $7.52 (Breakout Confirmation)
✅ Stop-Loss (SL): $7.37 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $7.75 (First Resistance)
📌 TP2: $7.99 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$7.52 - $7.37 = $0.15
📈 Reward to TP1:
$7.75 - $7.52 = $0.23
💰 Risk-Reward Ratio to TP1: 1:1.5
📈 Reward to TP2:
$7.99 - $7.52 = $0.47
💰 Risk-Reward Ratio to TP2: 1:3.1
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $7.52 signals continuation.
📌 Pattern Formation: Descending trendline breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $7.37 (Strong Support / SL Level)
🟡 $7.52 (Breakout Zone / Entry)
🔴 $7.75 (First Profit Target / Resistance)
🟢 $7.99 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price stays above $7.52, it could push towards $7.75 and $7.99.
A 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 ($7.75), move SL to entry ($7.52) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $7.75, let the rest run to $7.99.
✔ Adjust Stop-Loss to Break-even ($7.52) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $7.52, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $7.52, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #PACK #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
