HYPR (Hyperfine, Inc.) – 30-Min Long Trade Setup !🚀
🔹 Asset: HYPR – NASDAQ
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal (Falling Wedge & Fibonacci Retracement)
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $0.86 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $0.79 (Key Support Level)
🎯 Take Profit Targets
📌 TP1: $0.95 (Resistance Level)
📌 TP2: $1.05 (0.618 Fibonacci Retracement)
📌 TP3: $1.11 (0.5 Fibonacci Level – Extended Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$0.86 - $0.79 = $0.07 risk per share
📈 Reward to TP1:
$0.95 - $0.86 = $0.09 (1:1.28 R/R)
📈 Reward to TP2:
$1.05 - $0.86 = $0.19 (1:2.71 R/R)
📈 Reward to TP3:
$1.11 - $0.86 = $0.25 (1:3.57 R/R)
✅ Favorable Risk-Reward Ratio toward TP3
🔍 Technical Analysis & Strategy
📌 Falling Wedge Reversal: The price is nearing a potential breakout from a falling wedge pattern.
📌 Fibonacci Confluence: The 0.5 and 0.618 Fibonacci retracement levels confirm strong resistance levels.
📌 Volume Confirmation Needed: Look for above-average buying volume above $0.86 to validate the breakout.
📌 Resistance at $0.95 & $1.05: A breakout above these levels will confirm bullish momentum.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $0.86 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($0.86) after hitting TP1 ($0.95).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($0.95), let the rest run toward TP2 ($1.05).
✔ Adjust Stop-Loss to Break-even ($0.86) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakout Risk: If the price fails to hold above $0.86, exit early.
❌ Confirmation Required: Wait for a 30-min candle close above $0.86 before entering.
🚀 Final Thoughts
✔ Bullish Setup – Strong upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:3.57 toward TP3.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #HYPR #NASDAQ #LongTrade #TradingView #ProfittoPath 💰📊
