HIMS – 30-Min Long Setup!

📈
🔹 Ticker: HIMS (NYSE)
🔹 Timeframe: 30-Min
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Price at Breakout: ~$29.55

📊 Trade Plan (Long Position)
✅ Entry Zone: $29.50–$30.00 (breakout above yellow zone + trendline break)
✅ Stop Loss (SL): Below $28.50 (white support line & structure low)
✅ Take Profit Targets:
📌 TP1: $30.84 (red line – supply zone / resistance)
📌 TP2: $32.64 (green line – previous high / major resistance)

📐 Risk-Reward Calculation
📉 Risk per Share:
$29.55 - $28.50 = $1.05

📈 Reward to TP1:
$30.84 - $29.55 = $1.29 → 1.22:1 R/R

📈 Reward to TP2:
$32.64 - $29.55 = $3.09 → 2.94:1 R/R

📊 Technical Confluence
📌 Falling Trendline Break: Clean break of bearish structure (pink line)
📌 Support Bounce: Solid bounce from yellow demand zone
📌 Volume Consideration: Look for rising volume on breakout
📌 Retest Reaction: Entry confirmation if price holds above yellow zone

⚙️ Execution & Trade Management
🔄 After TP1 Hit:
— Move SL to breakeven
— Book 50% profits

🚀 Let the rest ride to TP2
📉 Trail SL below higher lows as price moves

⚠️ Invalidation Criteria
❌ Close below $28.50
❌ Breakout fails with weak momentum or volume
❌ Fakeout candle closes back inside the trendline

🦅 Final Thoughts
✔ Clean reversal pattern forming
✔ Trendline break with structure support = high-probability setup
✔ Favorable R/R and manageable risk