STIM Long Trade Setup (30-Min Chart)!

28
๐Ÿš€ ๐Ÿ“ˆ๐Ÿ”ฅ
๐Ÿ” Stock: STIM (NASDAQ)
โณ Timeframe: 30-Min Chart
๐Ÿ“ˆ Setup Type: Bullish Breakout

๐Ÿ“ Trade Plan:
โœ… Entry: $3.43 (Breakout Confirmation)
โŒ Stop-Loss (SL): $3.20 (Below support level for risk management)
๐ŸŽฏ Target 1: $3.66 (First Resistance Level)
๐Ÿš€ Target 2: $3.93 (Major Resistance Level โ€“ Moon Shot! ๐ŸŒ™)

๐Ÿ”น Risk-Reward Ratio: Favorable setup ๐Ÿ“Š
๐Ÿ”น Momentum: Strong breakout with higher highs ๐Ÿ“ˆ
๐Ÿ”น Pattern: Ascending triangle breakout

๐Ÿ”ฅ Trade Strategy & Refinements:
๐Ÿ“Š Volume Confirmation: Ensure strong buying volume to confirm breakout.
๐Ÿ“‰ Trailing Stop Strategy: If price reaches $3.66, consider moving SL to breakeven ($3.43) or higher.
๐Ÿ’ฐ Partial Profit Booking: Take some profits at Target 1 and let the rest ride towards Target 2.
โš ๏ธ Watch for Retest: If price retests $3.43 and holds, it's a strong confirmation for the uptrend.

๐Ÿš€ Final Thoughts:
โœ… High Risk-Reward Setup โ€“ Favoring bulls.
โœ… Breakout Confirmation โ€“ Strong potential for upward momentum.
โœ… Volume & Price Action Key โ€“ Keep an eye on confirmation signals.

Plan Your Trade & Trade Your Plan! ๐Ÿ†๐Ÿ’ฐ
Let me know if you need further refinements! ๐Ÿš€๐Ÿ“ˆ

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