IDR โ€“ Long Trade Setup!

48
๐Ÿ“ˆ ๐ŸŸข
Ticker: Idaho Strategic Resources, Inc. (IDR โ€“ NYSE Arca)
Timeframe: 30-Min Chart
Pattern: Falling wedge breakout (Bullish reversal)

๐Ÿง  Trade Plan โ€“ Long Position
โœ… Entry Zone: $17.31 (Breakout confirmation from wedge)

๐Ÿ›‘ Stop-Loss: $16.55 (Below wedge support + recent low)

๐ŸŽฏ Take Profit Targets:

TP1: $18.26 โ€“ Resistance from previous consolidation

TP2: $19.77 โ€“ Major breakout target

๐Ÿ“Š Risk-Reward Calculation
Risk per Share: $0.76

Reward to TP2: $2.46

R:R Ratio: ~1 : 3.2 โ€” Excellent

๐Ÿ” Technical Highlights
Price broke above descending wedge = bullish signal

Strong horizontal support near $16.55 held firm

Volume likely to confirm move soon

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