Long Trade Setup Breakdown for Roblox Corporation (RBLX)30-Min

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🔹 Asset: Roblox Corporation (RBLX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Descending Triangle Breakout

🚀 Trade Plan (Long Position):
✅ Entry Zone: $66.78 (Breakout Confirmation)
✅ Stop-Loss (SL): $63.67 (Below Support)

🎯 Take Profit Targets (Long Trade):
📌 TP1: $70.10 (First Resistance)
📌 TP2: $74.48 (Extended Bullish Target)

📊 Risk-Reward Ratio Calculation:

📈 Risk (Stop-Loss Distance):
$66.78 - $63.67 = $3.11

📈 Reward to TP1:
$70.10 - $66.78 = $3.32
💰 Risk-Reward Ratio to TP1: 1:1.07

📈 Reward to TP2:
$74.48 - $66.78 = $7.70
💰 Risk-Reward Ratio to TP2: 1:2.47

🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $66.78 signals continuation.
📌 Pattern Formation: Descending Triangle Breakout, indicating a bullish trend shift.

📊 Key Support & Resistance Levels:
🟢 $63.67 (Strong Support / SL Level)
🟡 $66.78 (Breakout Zone / Entry)
🔴 $70.10 (First Profit Target / Resistance)
🟢 $74.48 (Final Target for Momentum Extension)

🚀 Momentum Shift Expected:

If price stays above $66.78, it could push towards $70.10 and $74.48.
A higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($70.10), move SL to entry ($66.78) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $70.10, let the rest run to $74.48.
✔ Adjust Stop-Loss to Break-even ($66.78) after TP1 is hit.

⚠️ Fake Breakout Risk:

If price drops below $66.78, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $66.78, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.07 to TP1, 1:2.47 to TP2.

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