Stock Analysis: EXOD (Exodus Movement Inc.) – 30-Min Chart!📊
🚀 Setup Type: Bullish Breakout – Symmetrical Triangle + Momentum Build-Up
✅ Trade Plan: Long Position
🔔 Entry & Exit Plan
✅ Entry Zone: Above $49.27 (Breakout Confirmation)
🛡️ Stop-Loss (SL): Below $44.60 (Trendline/Support Zone)
🎯 Take Profit Targets (TPs):
📌 TP1: $56.33 – Key Resistance / Supply Zone
📌 TP2: $65.49 – Major Resistance & Potential Measured Move
📊 Risk-Reward Breakdown
🔻 Risk: $49.27 – $44.60 = $4.67
📈 Reward to TP1: $56.33 – $49.27 = $7.06 → 1:1.5 R/R
📈 Reward to TP2: $65.49 – $49.27 = $16.22 → 1:3.4 R/R
✅ Clean breakout setup with strong potential reward!
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: Price is attempting to break above converging trendlines
📌 Previous Resistance at $49.27: Needs a strong candle close to flip into support
📌 High Volume Area: Confirmation needed with volume above $49.50
📌 Momentum Structure: Higher lows forming, indicating bullish pressure
🛠️ Trade Execution Strategy
✔ Wait for Breakout Candle: 30-min candle close above $49.27 with volume
✔ Move SL to Break-even: Once price hits TP1
✔ Partial Profit Booking:
▫️ 50% at TP1 ($56.33)
▫️ Let remaining ride toward TP2 ($65.49)
✔ Trail Stop-Loss: Lock in gains as price moves in favor
⚠️ Risk Factors
❌ Fake Breakout: Rejection at upper trendline without volume
❌ Market Sentiment: Watch overall market volatility or news affecting tech/crypto sectors
🚀 Final Thoughts from ProfittoPath
✔ Bullish continuation pattern with potential breakout
✔ Multiple confluences – triangle support, volume, and trendline break
✔ Strong reward potential up to 1:3.4 R/R
💡 Plan the trade. Trade the plan. Manage the risk.
🔗 #EXOD #TradingSetup #BreakoutAnalysis #ProfittoPath #StockTrading #TradingView
