๐ ๐๐ฅ
๐ Stock: STIM (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ Entry: $3.43 (Breakout Confirmation)
โ Stop-Loss (SL): $3.20 (Below support level for risk management)
๐ฏ Target 1: $3.66 (First Resistance Level)
๐ Target 2: $3.93 (Major Resistance Level โ Moon Shot! ๐)
๐น Risk-Reward Ratio: Favorable setup ๐
๐น Momentum: Strong breakout with higher highs ๐
๐น Pattern: Ascending triangle breakout
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Ensure strong buying volume to confirm breakout.
๐ Trailing Stop Strategy: If price reaches $3.66, consider moving SL to breakeven ($3.43) 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 $3.43 and holds, it's a strong confirmation for the uptrend.
๐ Final Thoughts:
โ High Risk-Reward Setup โ Favoring bulls.
โ Breakout Confirmation โ Strong potential for upward momentum.
โ Volume & Price Action Key โ Keep an eye on confirmation signals.
Plan Your Trade & Trade Your Plan! ๐๐ฐ
Let me know if you need further refinements! 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: STIM (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ Entry: $3.43 (Breakout Confirmation)
โ Stop-Loss (SL): $3.20 (Below support level for risk management)
๐ฏ Target 1: $3.66 (First Resistance Level)
๐ Target 2: $3.93 (Major Resistance Level โ Moon Shot! ๐)
๐น Risk-Reward Ratio: Favorable setup ๐
๐น Momentum: Strong breakout with higher highs ๐
๐น Pattern: Ascending triangle breakout
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Ensure strong buying volume to confirm breakout.
๐ Trailing Stop Strategy: If price reaches $3.66, consider moving SL to breakeven ($3.43) 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 $3.43 and holds, it's a strong confirmation for the uptrend.
๐ Final Thoughts:
โ High Risk-Reward Setup โ Favoring bulls.
โ Breakout Confirmation โ Strong potential for upward momentum.
โ Volume & Price Action Key โ Keep an eye on confirmation signals.
Plan Your Trade & Trade Your Plan! ๐๐ฐ
Let me know if you need further refinements! 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
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.