📊 Chart
🔹 Asset: Beam Therapeutics Inc. (BEAM)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $32.40 (Breakout Confirmation)
✅ Stop-Loss (SL): $29.56 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $35.64 (First Resistance)
📌 TP2: $39.32 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$32.40 - $29.56 = $2.84
📈 Reward to TP1:
$35.64 - $32.40 = $3.24
💰 Risk-Reward Ratio to TP1: 1:1.14
📈 Reward to TP2:
$39.32 - $32.40 = $6.92
💰 Risk-Reward Ratio to TP2: 1:2.43
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $32.40 signals continuation.
📌 Pattern Formation: Symmetrical Triangle Breakout, indicating bullish movement.
📊 Key Support & Resistance Levels:
🟢 $29.56 (Strong Support / SL Level)
🟡 $32.40 (Breakout Zone / Entry)
🔴 $35.64 (First Profit Target / Resistance)
🟢 $39.32 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $32.40, it could push towards $35.64 and $39.32.
A high-volume breakout would confirm trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($35.64), move SL to entry ($32.40) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $35.64, let the rest run to $39.32.
✔ Adjust Stop-Loss to Break-even ($32.40) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $32.40, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $32.40, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.14 to TP1, 1:2.43 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #BEAM #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
🔹 Asset: Beam Therapeutics Inc. (BEAM)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $32.40 (Breakout Confirmation)
✅ Stop-Loss (SL): $29.56 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $35.64 (First Resistance)
📌 TP2: $39.32 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$32.40 - $29.56 = $2.84
📈 Reward to TP1:
$35.64 - $32.40 = $3.24
💰 Risk-Reward Ratio to TP1: 1:1.14
📈 Reward to TP2:
$39.32 - $32.40 = $6.92
💰 Risk-Reward Ratio to TP2: 1:2.43
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $32.40 signals continuation.
📌 Pattern Formation: Symmetrical Triangle Breakout, indicating bullish movement.
📊 Key Support & Resistance Levels:
🟢 $29.56 (Strong Support / SL Level)
🟡 $32.40 (Breakout Zone / Entry)
🔴 $35.64 (First Profit Target / Resistance)
🟢 $39.32 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $32.40, it could push towards $35.64 and $39.32.
A high-volume breakout would confirm trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($35.64), move SL to entry ($32.40) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $35.64, let the rest run to $39.32.
✔ Adjust Stop-Loss to Break-even ($32.40) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $32.40, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $32.40, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.14 to TP1, 1:2.43 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #BEAM #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.