### **๐๐ฅ**
๐ **Stock:** NVST (NYSE)
โณ **Timeframe:** 30-Min Chart
๐ **Setup Type:** Bullish Reversal
---
### **๐ Trade Plan:**
โ **Entry:** **$21.04** (Breakout Confirmation)
โ **Stop-Loss (SL):** **$20.57** (Below key support for risk management)
๐ฏ **Target 1:** **$21.54** (First Resistance Level)
๐ **Target 2:** **$22.27** (Major Resistance Level โ Moon Shot! ๐)
๐น **Risk-Reward Ratio:** Favorable setup ๐
๐น **Momentum:** Strong **reversal pattern** after testing support ๐
๐น **Pattern:** Falling wedge breakout
---
### **๐ฅ Trade Strategy & Refinements:**
๐ **Volume Confirmation:** Ensure strong buying volume supports the breakout.
๐ **Trailing Stop Strategy:** If price reaches **$21.54**, consider moving SL to breakeven ($21.04) or higher.
๐ฐ **Partial Profit Booking:** Take some profits at **Target 1** and let the rest ride towards **Target 2**.
โ ๏ธ **Watch for Retest:** If price retests $21.04 and holds, it confirms continued momentum.
---
### **๐ Final Thoughts:**
โ **Bullish Chart Setup** โ Reversal potential looks strong.
โ **Support Holding Well** โ Key level at **$20.57** acting as a floor.
โ **Risk Management in Place** โ SL ensures controlled downside.
**Plan Your Trade & Trade Your Plan!** ๐๐ฐ
Let me know if you need any modifications! ๐๐
#BreakoutTrading #StockMarket #TradingStrategy #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StocksToWatch #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess #MoneyMoves
๐ **Stock:** NVST (NYSE)
โณ **Timeframe:** 30-Min Chart
๐ **Setup Type:** Bullish Reversal
---
### **๐ Trade Plan:**
โ **Entry:** **$21.04** (Breakout Confirmation)
โ **Stop-Loss (SL):** **$20.57** (Below key support for risk management)
๐ฏ **Target 1:** **$21.54** (First Resistance Level)
๐ **Target 2:** **$22.27** (Major Resistance Level โ Moon Shot! ๐)
๐น **Risk-Reward Ratio:** Favorable setup ๐
๐น **Momentum:** Strong **reversal pattern** after testing support ๐
๐น **Pattern:** Falling wedge breakout
---
### **๐ฅ Trade Strategy & Refinements:**
๐ **Volume Confirmation:** Ensure strong buying volume supports the breakout.
๐ **Trailing Stop Strategy:** If price reaches **$21.54**, consider moving SL to breakeven ($21.04) or higher.
๐ฐ **Partial Profit Booking:** Take some profits at **Target 1** and let the rest ride towards **Target 2**.
โ ๏ธ **Watch for Retest:** If price retests $21.04 and holds, it confirms continued momentum.
---
### **๐ Final Thoughts:**
โ **Bullish Chart Setup** โ Reversal potential looks strong.
โ **Support Holding Well** โ Key level at **$20.57** acting as a floor.
โ **Risk Management in Place** โ SL ensures controlled downside.
**Plan Your Trade & Trade Your Plan!** ๐๐ฐ
Let me know if you need any modifications! ๐๐
#BreakoutTrading #StockMarket #TradingStrategy #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StocksToWatch #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess #MoneyMoves
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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.