VSCO – 30-Min Long Trade Setup!

📈
🔹 Ticker: VSCO (NYSE)
🔹 Timeframe: 30-Min
🔹 Setup Type: Falling Trendline Break + Support Bounce
🔸 Price at Breakout: ~$18.59

📊 Trade Plan (Long Position)
✅ Entry Zone: $18.50–$18.60 (trendline breakout + yellow reaction zone)
✅ Stop Loss (SL): Below $17.97 (structure support marked by white line)
✅ Take Profit Targets:
📌 TP1: $19.49 (red resistance line)
📌 TP2: $20.62 (green line – previous high / supply zone)

📐 Risk-Reward Calculation
📉 Risk per Share:
$18.59 - $17.97 = $0.62

📈 Reward to TP1:
$19.49 - $18.59 = $0.90 → 1.45:1 R/R

📈 Reward to TP2:
$20.62 - $18.59 = $2.03 → 3.27:1 R/R

📊 Technical Confluence
📌 Falling Trendline Breakout: Clean break through descending resistance (pink line)
📌 Ascending Triangle Formation: Price compressing into resistance with higher lows
📌 Demand Zone: Held support at ~$17.97
📌 Yellow Zone: Retest zone + potential breakout confirmation

⚙️ Execution & Management Strategy
🟢 Entry Confirmation: Bullish candle close above yellow zone
🔄 After TP1 Hit:
— Move SL to breakeven
— Book 50% profits

🎯 Ride remaining position to TP2
📉 Trail SL as price climbs

⚠️ Invalidation Scenario
❌ Close below $17.97
❌ Weak breakout without volume support
❌ Sharp rejection from yellow zone

🦅 Final Thoughts
✔ Classic breakout pattern with solid R/R
✔ Multiple confirmations from price action
✔ Great setup for swing or intraday momentum traders