BBWI – 30-Min Long Trade Setup !📈 🚀
🔹 Asset: Bath & Body Works, Inc. (BBWI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $28.50 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $27.32 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $30.09 (First Resistance Level)
📌 TP2: $32.02 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $28.50 - $27.32 = $1.18 per share
📈 Reward to TP1: $30.09 - $28.50 = $1.59 (1:1.34 R/R)
📈 Reward to TP2: $32.02 - $28.50 = $3.52 (1:2.98 R/R)
🔍 Technical Analysis & Strategy
📌 Downtrend Breakout Setup – Price is testing the descending trendline and attempting a breakout.
📌 Support Holding at $28.50 – Buyers stepping in, creating a potential reversal.
📌 Volume Confirmation Needed – A strong bullish candle above $28.50 confirms entry.
📌 Momentum Shift Expected – Breakout could lead to $30.09, then $32.02.
📊 Key Resistance & Support Levels
🔴 $30.09 – First Resistance / TP1
🟡 $28.50 – Breakout Level / Long Entry
⚪ $27.32 – Stop-Loss / Support Level
🟢 $32.02 – Final Target / TP2
📈 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong buying pressure before entering.
📉 Trailing Stop Strategy – Move SL to $28.50 (breakeven) after hitting TP1 ($30.09).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $30.09, let the rest run to $32.02.
✔ Adjust SL to breakeven ($28.50) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price moves back below $28.50, exit early to limit losses.
❌ Wait for a strong bullish candle close above $28.50 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup Forming – Breakout signals potential upside movement.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.98 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Follow @ProfittoPath for More Trade Setups!
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