Trade Setup Breakdown for HIMS (30-Min Chart)!

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🔹 Stock: HIMS (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout

🚀 Trade Plan:
✅ Entry Zone: $44.50 - $46.00 (Breakout Confirmation)
✅ Stop-Loss (SL): $41.07 (Below Key Support)

🎯 Take Profit Targets:
📌 TP1: $48.24 (First Resistance)
📌 TP2: $52.59 (Extended Target)

📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$44.64 - $41.07 = $3.57

📈 Reward to TP1:
$48.24 - $44.64 = $3.60
💰 Risk-Reward Ratio to TP1: 1:1.01

📈 Reward to TP2:
$52.59 - $44.64 = $7.95
💰 Risk-Reward Ratio to TP2: 1:2.23

🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price holding above $46.00 with strong volume.
📌 Pattern Formation: Symmetrical Triangle Breakout, signaling potential bullish momentum.

📊 Key Support & Resistance Levels:
🟢 $41.07 (Support / SL Level)
🟢 $44.50 - $46.00 (Breakout Zone)
🟢 $48.24 (First Profit Target / Resistance)
🟢 $52.59 (Final Target for Momentum Extension)

🚀 Momentum Shift Expected:
If the price sustains above $46.00, we could see an upside rally towards $48.24 and $52.59.

🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $46.00 before entering.
📈 Trailing Stop Strategy: If the price reaches TP1 ($48.24), move SL to $46.00 to protect profits.

💰 Partial Profit Booking Strategy:
✔ Take 50% at $48.24, let the rest run to $52.59.
✔ Adjust Stop-Loss to Break-even ($46.00) after TP1 is hit.

⚠️ Fake Breakout Risk:

If the price fails to hold above $44.50, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Breakout Setup – If price sustains above $46.00, a strong move is expected.
✔ Momentum Shift Possible – Volume increase will confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.01 to TP1, 1:2.23 to TP2.

💡 Stick to the trade plan, manage risk, and trade smart! 🚀🏆

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