### 🚀 **📈🔥**
🔍 **Stock:** PL (Planet Labs - NYSE)
⏳ **Timeframe:** 30-Min Chart
📈 **Setup Type:** Bullish Continuation
### 📍 **Trade Plan:**
✅ **Entry Zone:** **$6.00 - $6.10** (Breakout from descending trendline)
🚀 **Take Profit 1 (TP1):** **$6.39** (Key Resistance)
🚀 **Take Profit 2 (TP2):** **$6.79+** (Extended Target if momentum continues)
🔻 **Stop-Loss (SL):** **$5.77** (Below previous support to manage risk)
📊 **Risk-Reward Ratio:** Favorable for a bullish setup 📉📈
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### 🔹 **Technical Analysis & Setup:**
✅ **Pattern:** **Ascending Trendline + Falling Wedge Breakout → Bullish Continuation** 📉 → 📈
✅ **Support Zone:** Strong buyer interest around **$6.00 - $6.10 (Yellow Zone)**
✅ **Breakout Confirmation:** Price has broken out of a small descending trendline (white)
✅ **Momentum Shift Expected:** Higher lows forming, indicating bullish pressure
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### 🔥 **Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for **increased buying volume** at breakout above $6.10 📈
📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($6.39), adjust SL higher** to lock in profits
💰 **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($6.79+)**
⚠️ **Watch for Fake Breakouts:** If price drops **below $6.00**, reconsider the setup
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### 🚀 **Final Thoughts:**
✅ **Bullish Momentum – High probability of breakout continuation** 📈
✅ **Strong Support at $6.00 - $6.10 – Ideal entry zone for risk-reward optimization** 💰
✅ **Momentum Shift Possible – A push above $6.39 could drive PL to $6.79+** 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
Would you like any refinements or additional details? 🚀📈
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### 🔗 **Hashtags for Engagement:**
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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.