CHWY/USD – 30-Min Long Trade Setup !📊🚀
🔹 Asset: CHWY/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: Above 38.08 USD (Breakout Confirmation)
✅ Stop-Loss (SL): Below 37.30 USD (Breakout Invalidated)
🎯 Take Profit Targets:
📌 TP1: 38.93 USD (First Resistance Level)
📌 TP2: 39.92 USD (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (SL Distance): Below 37.30 USD
📈 Reward to TP1: 38.93 USD
📈 Reward to TP2: 39.92 USD
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: A strong push above 38.08 USD signals bullish momentum.
📌 Pattern Formation: Symmetrical Triangle Breakout, indicating potential upside continuation.
📊 Key Support & Resistance Levels:
🟢 37.30 USD – Strong Support / Stop-Loss Level
🟡 38.08 USD – Breakout Zone / Entry Level
🔴 38.93 USD – First Profit Target / Resistance
🟢 39.92 USD – Final Target for Momentum Extension
🚀 Momentum Shift Expected:
📌 If price stays above 38.08 USD, it could rally towards 38.93 USD and 39.92 USD.
📌 A high-volume breakout would strengthen the trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above 38.08 USD before entering.
📈 Trailing Stop Strategy: Move SL to entry (38.08 USD) after TP1 (38.93 USD) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 38.93 USD, let the rest run to 39.92 USD.
✔ Adjust Stop-Loss to Break-even (38.08 USD) after TP1 is reached.
⚠️ Fake Breakout Risk:
If price falls below 38.08 USD, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – Holding above 38.08 USD could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.13 to TP1, 1:2.46 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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