๐ ๐๐ฅ
๐ Stock: STIM (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Reversal
๐ Trade Plan:
โ Entry Zone: $3.05 - $3.10 (Falling Wedge Breakout + Support)
๐ Take Profit 1 (TP1): $3.41 (Key Resistance)
๐ Take Profit 2 (TP2): $3.74+ (Extended Target if momentum continues)
๐ป Stop-Loss (SL): $2.84 (Below support for risk control)
๐ Risk-Reward Ratio: Favorable for a bullish setup ๐๐
๐น Technical Analysis & Setup:
โ Pattern: Falling Wedge (Bullish Reversal Pattern) ๐ โ ๐
โ Support Zone: Strong buyer interest around $3.05 - $3.10 (Yellow Zone)
โ Breakout Confirmation Needed: Price needs to break above the wedge with volume
โ Momentum Shift Expected: Higher lows forming, signaling bullish pressure
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Look for increased buying volume at breakout above $3.10 ๐
๐ Trailing Stop Strategy: Once price reaches TP1 ($3.41), adjust SL higher to secure profits
๐ฐ Partial Profit Booking: Take partial profits at TP1 and let the rest ride towards TP2 ($3.74+)
โ ๏ธ Watch for Fake Breakouts: If price drops below $3.05, reconsider the setup
๐ Final Thoughts:
โ Bullish Reversal Expected โ High probability of breakout ๐
โ Strong Support at $3.05 - $3.10 โ Ideal entry for risk-reward optimization ๐ฐ
โ Momentum Shift Possible โ A push above $3.41 could drive STIM to $3.74+ ๐
๐ Trade Smart & Stick to Your Plan! ๐๐ฅ
Would you like any refinements or additional insights? ๐๐
๐
#LongTrade #StockTrading #STIM #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess
๐ Stock: STIM (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Reversal
๐ Trade Plan:
โ Entry Zone: $3.05 - $3.10 (Falling Wedge Breakout + Support)
๐ Take Profit 1 (TP1): $3.41 (Key Resistance)
๐ Take Profit 2 (TP2): $3.74+ (Extended Target if momentum continues)
๐ป Stop-Loss (SL): $2.84 (Below support for risk control)
๐ Risk-Reward Ratio: Favorable for a bullish setup ๐๐
๐น Technical Analysis & Setup:
โ Pattern: Falling Wedge (Bullish Reversal Pattern) ๐ โ ๐
โ Support Zone: Strong buyer interest around $3.05 - $3.10 (Yellow Zone)
โ Breakout Confirmation Needed: Price needs to break above the wedge with volume
โ Momentum Shift Expected: Higher lows forming, signaling bullish pressure
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Look for increased buying volume at breakout above $3.10 ๐
๐ Trailing Stop Strategy: Once price reaches TP1 ($3.41), adjust SL higher to secure profits
๐ฐ Partial Profit Booking: Take partial profits at TP1 and let the rest ride towards TP2 ($3.74+)
โ ๏ธ Watch for Fake Breakouts: If price drops below $3.05, reconsider the setup
๐ Final Thoughts:
โ Bullish Reversal Expected โ High probability of breakout ๐
โ Strong Support at $3.05 - $3.10 โ Ideal entry for risk-reward optimization ๐ฐ
โ Momentum Shift Possible โ A push above $3.41 could drive STIM to $3.74+ ๐
๐ Trade Smart & Stick to Your Plan! ๐๐ฅ
Would you like any refinements or additional insights? ๐๐
๐
#LongTrade #StockTrading #STIM #TechnicalAnalysis #DayTrading #SwingTrading #MomentumTrading #ChartPatterns #PriceAction #BullishBreakout #TradeSetup #StockCharts #TradingView #StockSignals #TradingPlan #MarketAnalysis #RiskReward #SupportAndResistance #ProfitToPath #TradeSmart #WealthBuilding #TradingSuccess
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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.