📌 🚀
🔹 Asset: SSTI (SoundThinking, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $16.87 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $15.59 (Support Breakdown)
🎯 Take Profit Targets:
📌 TP1: $18.36 (First Resistance Level)
📌 TP2: $20.16 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $16.87 - $15.59 = $1.28 risk per share
📈 Reward to TP1: $18.36 - $16.87 = $1.49 (1:1.16 R/R)
📈 Reward to TP2: $20.16 - $16.87 = $3.29 (1:2.57 R/R)
🔍 Technical Analysis & Strategy
📌 Wedge Breakout: Price is forming an ascending wedge and breaking above key resistance.
📌 Bullish Momentum Building: A breakout above $16.87 with strong volume will confirm continuation.
📌 Volume Confirmation Needed: Ensure high volume at breakout for a stronger bullish push.
📌 Momentum Shift Expected: If price sustains above $16.87, a move toward $18.36 and then $20.16 is likely.
📊 Key Support & Resistance Levels
🟢 $15.59 – Strong Support / Stop-Loss Level
🟡 $16.87 – Entry / Breakout Level
🔴 $18.36 – First Resistance / TP1
🟢 $20.16 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $16.87 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($16.87) after TP1 ($18.36) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $18.36, let the rest run to $20.16.
✔ Adjust Stop-Loss to Break-even ($16.87) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $16.87 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $16.87 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $16.87 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.16 to TP1, 1:2.57 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #SSTI #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📈🔥
🔹 Asset: SSTI (SoundThinking, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $16.87 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $15.59 (Support Breakdown)
🎯 Take Profit Targets:
📌 TP1: $18.36 (First Resistance Level)
📌 TP2: $20.16 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $16.87 - $15.59 = $1.28 risk per share
📈 Reward to TP1: $18.36 - $16.87 = $1.49 (1:1.16 R/R)
📈 Reward to TP2: $20.16 - $16.87 = $3.29 (1:2.57 R/R)
🔍 Technical Analysis & Strategy
📌 Wedge Breakout: Price is forming an ascending wedge and breaking above key resistance.
📌 Bullish Momentum Building: A breakout above $16.87 with strong volume will confirm continuation.
📌 Volume Confirmation Needed: Ensure high volume at breakout for a stronger bullish push.
📌 Momentum Shift Expected: If price sustains above $16.87, a move toward $18.36 and then $20.16 is likely.
📊 Key Support & Resistance Levels
🟢 $15.59 – Strong Support / Stop-Loss Level
🟡 $16.87 – Entry / Breakout Level
🔴 $18.36 – First Resistance / TP1
🟢 $20.16 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $16.87 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($16.87) after TP1 ($18.36) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $18.36, let the rest run to $20.16.
✔ Adjust Stop-Loss to Break-even ($16.87) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $16.87 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $16.87 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $16.87 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.16 to TP1, 1:2.57 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #SSTI #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 📈🔥
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.