Long Trade Setup Breakdown for (SMCI) 30Mins

🔹 Asset: Super Micro Computer, Inc. (SMCI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Wedge Breakout

🚀 Trade Plan (Long Position):
✅ Entry Zone: $47.96 (Breakout Confirmation)
✅ Stop-Loss (SL): $45.35 (Below Support)

🎯 Take Profit Targets (Long Trade):
📌 TP1: $51.05 (First Resistance)
📌 TP2: $54.64 (Extended Bullish Target)

📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$47.96 - $45.35 = $2.61

📈 Reward to TP1:
$51.05 - $47.96 = $3.09
💰 Risk-Reward Ratio to TP1: 1:1.18

📈 Reward to TP2:
$54.64 - $47.96 = $6.68
💰 Risk-Reward Ratio to TP2: 1:2.56

🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $47.96 signals continuation.
📌 Pattern Formation: Ascending wedge breakout, indicating bullish movement.

📊 Key Support & Resistance Levels:
🟢 $45.35 (Strong Support / SL Level)
🟡 $47.96 (Breakout Zone / Entry)
🔴 $51.05 (First Profit Target / Resistance)
🟢 $54.64 (Final Target for Momentum Extension)

🚀 Momentum Shift Expected:

If price sustains above $47.96, it could push towards $51.05 and $54.64.
A high-volume breakout would confirm the strength in trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($51.05), move SL to entry ($47.96) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $51.05, let the rest run to $54.64.
✔ Adjust Stop-Loss to Break-even ($47.96) after TP1 is hit.

⚠️ Fake Breakout Risk:
If price drops below $47.96, be cautious and watch for a retest before re-entering.

🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $47.96, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.18 to TP1, 1:2.56 to TP2.

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

🔗 #StockTrading #SMCI #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPat