Long Trade Setup – CLFD!

📈
🔹 Asset: Clearfield, Inc. (NASDAQ: CLFD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Ascending Triangle Breakout (Bullish Continuation)

📌 Trade Plan (Long Position)
✅ Entry Zone: Around $36.30 (Confirmed breakout above resistance)
✅ Stop-Loss (SL): Below $34.67 (Below trendline & prior support)

🎯 Take Profit Targets
📌 TP1: $38.41 – Prior high / resistance zone
📌 TP2: $40.80 – Measured move projection

📊 Risk-Reward Calculation
📉 Risk: $36.30 - $34.67 = $1.63
📈 Reward to TP1: $38.41 - $36.30 = $2.11 → R:R = 1:1.29
📈 Reward to TP2: $40.80 - $36.30 = $4.50 → R:R = 1:2.76 ✅

🔍 Technical Highlights
📌 Ascending triangle breakout with higher lows
📌 Bullish volume spike confirms breakout
📌 Yellow line zone flipped from resistance to support
📌 Clean trendline support with strong price action

📈 Execution Strategy
📊 Enter above $36.30 after a strong candle close
📉 SL below $34.67 to avoid fakeouts
💰 Book partial at TP1, let rest run toward TP2

🚨 Invalidation Risk
❌ Drop below $34.67 cancels bullish bias
❌ Bearish engulfing candle with volume = exit early

🚀 Final Take
✔ Breakout from strong bullish pattern
✔ Excellent R:R profile with momentum
✔ Ideal for continuation traders — just manage your risk smartly