📊 🚀
🔹 Asset: COMP/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Wedge Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: Above 10.23 USD (Breakout Confirmation)
✅ Stop-Loss (SL): Below 9.60 USD (Breakout Invalidated)
🎯 Take Profit Targets:
📌 TP1: 11.08 USD (First Resistance Level)
📌 TP2: 12.06 USD (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (SL Distance): Below 9.60 USD
📈 Reward to TP1: 11.08 USD
📈 Reward to TP2: 12.06 USD
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: A strong push above 10.23 USD signals bullish momentum.
📌 Pattern Formation: Bullish Wedge Breakout, indicating a potential upside continuation.
📊 Key Support & Resistance Levels:
🟢 9.60 USD – Strong Support / Stop-Loss Level
🟡 10.23 USD – Breakout Zone / Entry Level
🔴 11.08 USD – First Profit Target / Resistance
🟢 12.06 USD – Final Target for Momentum Extension
🚀 Momentum Shift Expected:
📌 If price stays above 10.23 USD, it could rally towards 11.08 USD and 12.06 USD.
📌 A high-volume breakout would strengthen the trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above 10.23 USD before entering.
📈 Trailing Stop Strategy: Move SL to entry (10.23 USD) after TP1 (11.08 USD) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 11.08 USD, let the rest run to 12.06 USD.
✔ Adjust Stop-Loss to Break-even (10.23 USD) after TP1 is reached.
⚠️ Fake Breakout Risk:
If price falls below 10.23 USD, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – Holding above 10.23 USD could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.13 to TP1, 1:2.46 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #COMPUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis 🚀📈
🔹 Asset: COMP/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Wedge Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: Above 10.23 USD (Breakout Confirmation)
✅ Stop-Loss (SL): Below 9.60 USD (Breakout Invalidated)
🎯 Take Profit Targets:
📌 TP1: 11.08 USD (First Resistance Level)
📌 TP2: 12.06 USD (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (SL Distance): Below 9.60 USD
📈 Reward to TP1: 11.08 USD
📈 Reward to TP2: 12.06 USD
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: A strong push above 10.23 USD signals bullish momentum.
📌 Pattern Formation: Bullish Wedge Breakout, indicating a potential upside continuation.
📊 Key Support & Resistance Levels:
🟢 9.60 USD – Strong Support / Stop-Loss Level
🟡 10.23 USD – Breakout Zone / Entry Level
🔴 11.08 USD – First Profit Target / Resistance
🟢 12.06 USD – Final Target for Momentum Extension
🚀 Momentum Shift Expected:
📌 If price stays above 10.23 USD, it could rally towards 11.08 USD and 12.06 USD.
📌 A high-volume breakout would strengthen the trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above 10.23 USD before entering.
📈 Trailing Stop Strategy: Move SL to entry (10.23 USD) after TP1 (11.08 USD) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 11.08 USD, let the rest run to 12.06 USD.
✔ Adjust Stop-Loss to Break-even (10.23 USD) after TP1 is reached.
⚠️ Fake Breakout Risk:
If price falls below 10.23 USD, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – Holding above 10.23 USD could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.13 to TP1, 1:2.46 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #COMPUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis 🚀📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.