Long Trade Setup Breakdown for Corsair Gaming (CRSR) - 30-Min !📊 Chart
🔹 Asset: Corsair Gaming, Inc. (CRSR)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Ascending Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $12.43 (Breakout Confirmation)
✅ Stop-Loss (SL): $11.94 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $13.09 (First Resistance)
📌 TP2: $13.78 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$12.43 - $11.94 = $0.49
📈 Reward to TP1:
$13.09 - $12.43 = $0.66
💰 Risk-Reward Ratio to TP1: 1:1.3
📈 Reward to TP2:
$13.78 - $12.43 = $1.35
💰 Risk-Reward Ratio to TP2: 1:2.8
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong push above $12.43 signals bullish strength.
📌 Pattern Formation: Ascending Triangle Breakout, indicating further upside potential.
📊 Key Support & Resistance Levels:
🟢 $11.94 (Strong Support / SL Level)
🟡 $12.43 (Breakout Zone / Entry)
🔴 $13.09 (First Profit Target / Resistance)
🟢 $13.78 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price stays above $12.43, it could rally towards $13.09 and $13.78.
A high-volume breakout would strengthen the trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $12.43.
📈 Trailing Stop Strategy: Move SL to entry ($12.43) after TP1 ($13.09) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $13.09, let the rest run to $13.78.
✔ Adjust Stop-Loss to Break-even ($12.43) after TP1 is reached.
⚠️ Fake Breakout Risk:
If price falls below $12.43, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – Holding above $12.43 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.3 to TP1, 1:2.8 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #CRSR #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
