📈 🟢
🔹 Asset: Pacira BioSciences, Inc. (PCRX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Triangle Breakout + Supply Zone Flip
📊 Trade Plan – Long Position
✅ Entry Zone: $24.56 (Breakout + confirmation above yellow zone)
✅ Stop-Loss (SL): $23.52 (Below ascending trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $25.90 – Local resistance
📌 TP2: $27.57 – Major upside level
📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.01/share
📊 R/R Ratio: ~1 : 2.9 – Excellent setup
🔍 Technical Highlights
📌 Coiled structure breakout on rising base ✔
📌 Clean retest of descending resistance now flipped ✔
📌 Volume increasing on breakout move ✔
📌 Higher lows + breakout wick = momentum play 🔥
📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Book partial profits at TP1
🚀 Hold remaining for swing to TP2
⚠️ Setup Invalidation If:
❌ Breakdown below $23.52
❌ Fails to hold above trendline post-breakout
❌ Sharp reversal with bearish volume spike
🚨 Final Thoughts
✔ Tight technical pattern with bullish bias
✔ Perfect blend of structure + risk control
✔ Great R/R ratio — swing trader’s sweet spot
🔗 #PCRX #NASDAQStocks #BreakoutSetup #ProfittoPath #SwingTrade #ChartAnalysis #TechnicalSetup #VolumeSpike #SmartMoney #RiskReward
🔹 Asset: Pacira BioSciences, Inc. (PCRX – NASDAQ)
🔹 Timeframe: 15-Min Chart
🔹 Setup Type: Triangle Breakout + Supply Zone Flip
📊 Trade Plan – Long Position
✅ Entry Zone: $24.56 (Breakout + confirmation above yellow zone)
✅ Stop-Loss (SL): $23.52 (Below ascending trendline + structural base)
🎯 Take Profit Targets:
📌 TP1: $25.90 – Local resistance
📌 TP2: $27.57 – Major upside level
📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.01/share
📊 R/R Ratio: ~1 : 2.9 – Excellent setup
🔍 Technical Highlights
📌 Coiled structure breakout on rising base ✔
📌 Clean retest of descending resistance now flipped ✔
📌 Volume increasing on breakout move ✔
📌 Higher lows + breakout wick = momentum play 🔥
📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Book partial profits at TP1
🚀 Hold remaining for swing to TP2
⚠️ Setup Invalidation If:
❌ Breakdown below $23.52
❌ Fails to hold above trendline post-breakout
❌ Sharp reversal with bearish volume spike
🚨 Final Thoughts
✔ Tight technical pattern with bullish bias
✔ Perfect blend of structure + risk control
✔ Great R/R ratio — swing trader’s sweet spot
🔗 #PCRX #NASDAQStocks #BreakoutSetup #ProfittoPath #SwingTrade #ChartAnalysis #TechnicalSetup #VolumeSpike #SmartMoney #RiskReward
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.