๐ ๐
๐น Asset: OPRT/USD
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Pennant Breakout
๐ Trade Plan (Long Position):
โ Entry Zone: Above 8.70 USD (Breakout Confirmation)
โ Stop-Loss (SL): Below 8.01 USD (Breakout Invalidated)
๐ฏ Take Profit Targets:
๐ TP1: 9.56 USD (First Resistance Level)
๐ TP2: 10.64 USD (Extended Bullish Target)
๐ Risk-Reward Ratio Calculation:
๐ Risk (SL Distance): Below 8.01 USD
๐ Reward to TP1: 9.56 USD
๐ Reward to TP2: 10.64 USD
๐ Technical Analysis & Strategy:
๐ Breakout Confirmation: A strong push above 8.70 USD signals bullish momentum.
๐ Pattern Formation: Bullish Pennant Breakout, indicating a potential continuation move.
๐ Key Support & Resistance Levels:
๐ข 8.01 USD โ Strong Support / Stop-Loss Level
๐ก 8.70 USD โ Breakout Zone / Entry Level
๐ด 9.56 USD โ First Profit Target / Resistance
๐ข 10.64 USD โ Final Target for Momentum Extension
๐ Momentum Shift Expected:
๐ If price stays above 8.70 USD, it could rally towards 9.56 USD and 10.64 USD.
๐ A high-volume breakout would strengthen the trend continuation.
๐ฅ Trade Execution & Risk Management:
๐ Volume Confirmation: Ensure strong buying volume above 8.70 USD before entering.
๐ Trailing Stop Strategy: Move SL to entry (8.70 USD) after TP1 (9.56 USD) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at 9.56 USD, let the rest run to 10.64 USD.
โ Adjust Stop-Loss to Break-even (8.70 USD) after TP1 is reached.
โ ๏ธ Fake Breakout Risk:
If price falls below 8.70 USD, wait for a retest before considering re-entry.
๐ Final Thoughts:
โ Bullish Setup โ Holding above 8.70 USD could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.13 to TP1, 1:2.46 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #OPRTUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
๐น Asset: OPRT/USD
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Pennant Breakout
๐ Trade Plan (Long Position):
โ Entry Zone: Above 8.70 USD (Breakout Confirmation)
โ Stop-Loss (SL): Below 8.01 USD (Breakout Invalidated)
๐ฏ Take Profit Targets:
๐ TP1: 9.56 USD (First Resistance Level)
๐ TP2: 10.64 USD (Extended Bullish Target)
๐ Risk-Reward Ratio Calculation:
๐ Risk (SL Distance): Below 8.01 USD
๐ Reward to TP1: 9.56 USD
๐ Reward to TP2: 10.64 USD
๐ Technical Analysis & Strategy:
๐ Breakout Confirmation: A strong push above 8.70 USD signals bullish momentum.
๐ Pattern Formation: Bullish Pennant Breakout, indicating a potential continuation move.
๐ Key Support & Resistance Levels:
๐ข 8.01 USD โ Strong Support / Stop-Loss Level
๐ก 8.70 USD โ Breakout Zone / Entry Level
๐ด 9.56 USD โ First Profit Target / Resistance
๐ข 10.64 USD โ Final Target for Momentum Extension
๐ Momentum Shift Expected:
๐ If price stays above 8.70 USD, it could rally towards 9.56 USD and 10.64 USD.
๐ A high-volume breakout would strengthen the trend continuation.
๐ฅ Trade Execution & Risk Management:
๐ Volume Confirmation: Ensure strong buying volume above 8.70 USD before entering.
๐ Trailing Stop Strategy: Move SL to entry (8.70 USD) after TP1 (9.56 USD) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at 9.56 USD, let the rest run to 10.64 USD.
โ Adjust Stop-Loss to Break-even (8.70 USD) after TP1 is reached.
โ ๏ธ Fake Breakout Risk:
If price falls below 8.70 USD, wait for a retest before considering re-entry.
๐ Final Thoughts:
โ Bullish Setup โ Holding above 8.70 USD could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.13 to TP1, 1:2.46 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #OPRTUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
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.