IDR โ Long Trade Setup!๐ ๐ข
Ticker: Idaho Strategic Resources, Inc. (IDR โ NYSE Arca)
Timeframe: 30-Min Chart
Pattern: Falling wedge breakout (Bullish reversal)
๐ง Trade Plan โ Long Position
โ
Entry Zone: $17.31 (Breakout confirmation from wedge)
๐ Stop-Loss: $16.55 (Below wedge support + recent low)
๐ฏ Take Profit Targets:
TP1: $18.26 โ Resistance from previous consolidation
TP2: $19.77 โ Major breakout target
๐ Risk-Reward Calculation
Risk per Share: $0.76
Reward to TP2: $2.46
R:R Ratio: ~1 : 3.2 โ Excellent
๐ Technical Highlights
Price broke above descending wedge = bullish signal
Strong horizontal support near $16.55 held firm
Volume likely to confirm move soon
IDR trade ideas
IDR โ 30-Min Long Trade Setup !๐๐ข
๐น Asset: Idaho Strategic Resources, Inc. (IDR โ NYSE)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Symmetrical Triangle Breakout + Retest
๐ Trade Plan โ Long Position
โ
Entry Zone: $18.17 (Breakout above resistance + triangle apex)
โ
Stop-Loss (SL): $17.45 (Below trendline and consolidation base)
๐ฏ Take Profit Targets:
๐ TP1: $19.18 โ Previous resistance zone
๐ TP2: $20.52 โ Strong supply area
๐ Risk-Reward Calculation:
๐ฅ Risk: $0.72/share
๐ฉ Reward to TP2: $2.35/share
๐ R/R Ratio: ~1 : 3.2 โ Favorable setup for swing traders
๐ Technical Highlights
๐ Clean breakout from triangle resistance โ
๐ Volume uptick visible on breakout candle โ
๐ Bullish momentum after multiple higher lows โ
๐ Price reclaiming key yellow level as new support โ
๐ Risk Management Strategy
๐ Move SL to breakeven after TP1
๐ฐ Take 50% profits at TP1
๐ Let remaining ride to TP2
๐จ Setup Invalidation If:
โ Price closes below $17.45
โ Fails to hold above triangle breakout
โ Rejects with long wicks near $18.17
๐ Hashtags:
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