📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): $36.34 - $33.58 = $2.76 risk per share 📈 Reward to TP1: $40.53 - $36.34 = $4.19 (1:1.5 R/R) 📈 Reward to TP2: $45.53 - $36.34 = $9.19 (1:3.3 R/R)
🔍 Technical Analysis & Strategy 📌 Falling Wedge Breakout: Price has broken out of a falling wedge, a strong bullish reversal pattern. 📌 Support Rejection: The price tested $36.34 support and showed buying pressure. 📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $36.34 to confirm bullish momentum. 📌 Momentum Shift Expected: If price remains above $36.34, it could push toward $40.53, and further to $45.53.
📊 Key Support & Resistance Levels 🟢 $33.58 – Stop-Loss / Support Level 🟡 $36.34 – Breakout Level / Long Entry 🔴 $40.53 – First Resistance / TP1 🔴 $45.53 – Final Target / TP2
📉 Trade Execution & Risk Management 📊 Volume Confirmation: Ensure high buying volume above $36.34 before entering. 📉 Trailing Stop Strategy: Move SL to entry ($36.34) after TP1 ($40.53) is hit.
💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $40.53, let the rest run toward $45.53. ✔ Adjust Stop-Loss to Break-even ($36.34) after TP1 is reached.
⚠️ Fake Breakout Risk ❌ If the price fails to hold above $36.34 and drops back, exit early to avoid losses. ❌ Wait for a strong bullish candle close above $36.34 before entering aggressively.
🚀 Final Thoughts ✔ Bullish Setup – Bouncing from support at $36.34 suggests a potential reversal. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3.3 to TP2. 💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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