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🔹 Asset: Compass, Inc. (COMP/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $9.10 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $8.60 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $9.61 (First Resistance Level)
📌 TP2: $10.28 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $9.10 - $8.60 = $0.50 risk per share
📈 Reward to TP1: $9.61 - $9.10 = $0.51 (1:1.02 R/R)
📈 Reward to TP2: $10.28 - $9.10 = $1.18 (1:2.36 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: COMP is forming a consolidation pattern with a breakout above $9.10 signaling bullish momentum.
📌 Trendline & Support Bounce: Price is testing key trendline resistance, with a breakout likely to push it toward higher resistance levels.
📌 Breakout Confirmation: A strong bullish candle closing above $9.10 with increasing volume confirms the trade.
📌 Momentum Shift Expected: Holding above $9.10 could trigger a rally toward TP1 ($9.61) and TP2 ($10.28).
📊 Key Support & Resistance Levels
🟢 $8.60 – Strong Support / Stop-Loss Level
🟡 $9.10 – Entry / Breakout Level
🔴 $9.61 – First Resistance / TP1
🟢 $10.28 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $9.10 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($9.10) after TP1 ($9.61) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $9.61, let the rest run to $10.28.
✔ Adjust Stop-Loss to Break-even ($9.10) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $9.10 and falls back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $9.10 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $9.10 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.02 to TP1, 1:2.36 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #COMP #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 🚀📈
🔹 Asset: Compass, Inc. (COMP/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $9.10 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $8.60 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $9.61 (First Resistance Level)
📌 TP2: $10.28 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $9.10 - $8.60 = $0.50 risk per share
📈 Reward to TP1: $9.61 - $9.10 = $0.51 (1:1.02 R/R)
📈 Reward to TP2: $10.28 - $9.10 = $1.18 (1:2.36 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: COMP is forming a consolidation pattern with a breakout above $9.10 signaling bullish momentum.
📌 Trendline & Support Bounce: Price is testing key trendline resistance, with a breakout likely to push it toward higher resistance levels.
📌 Breakout Confirmation: A strong bullish candle closing above $9.10 with increasing volume confirms the trade.
📌 Momentum Shift Expected: Holding above $9.10 could trigger a rally toward TP1 ($9.61) and TP2 ($10.28).
📊 Key Support & Resistance Levels
🟢 $8.60 – Strong Support / Stop-Loss Level
🟡 $9.10 – Entry / Breakout Level
🔴 $9.61 – First Resistance / TP1
🟢 $10.28 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $9.10 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($9.10) after TP1 ($9.61) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $9.61, let the rest run to $10.28.
✔ Adjust Stop-Loss to Break-even ($9.10) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $9.10 and falls back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $9.10 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $9.10 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.02 to TP1, 1:2.36 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #COMP #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #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.