Shopify Inc.
Long

Trade Setup: Long on SHOP!

81
๐Ÿ“Š
๐Ÿ•’ Timeframe:
30-minute chart

๐Ÿ“ Technical Overview:
Falling wedge breakout detected โœ…

Support zone: $111.50โ€“$112 (held well)

Breakout confirmation near $113

Target zones:

TP1 ๐ŸŽฏ: $116.48 (green resistance)

TP2 ๐ŸŽฏ: $118.25 (major resistance)

๐Ÿ” Risk Management:
Stop loss: Below $111.50 (white support)

Riskโ€“Reward Ratio: Over 2:1 โœ…

๐Ÿ“ˆ Trade Plan Summary:
Entry: $113.00โ€“$113.50 (breakout zone)

Target: $116.48 โ†’ $118.25

Stop loss: Below $111.50

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