EQT – 30-Min Long Trade Setup!📈
🔹 Ticker: EQT (NYSE)
🔹 Setup Type: Triangle Breakout + Support Retest
🔸 Breakout Price: ~$53.84
📊 Trade Plan (Long Position)
✅ Entry Zone: $53.70–$53.90 (breakout above yellow zone)
✅ Stop Loss (SL): Below $53.13 (white structure support)
✅ Take Profit Targets:
📌 TP1: $55.00 (red zone – short-term resistance)
📌 TP2: $56.27 (green zone – prior swing high)
📐 Risk-Reward Analysis
📉 Risk:
$53.84 - $53.13 = $0.71
📈 Reward to TP1:
$55.00 - $53.84 = $1.16 → 1.63:1 R/R
📈 Reward to TP2:
$56.27 - $53.84 = $2.43 → 3.42:1 R/R
🔍 Technical Highlights
📌 Breakout from symmetrical triangle (pink lines)
📌 Bullish bounce from rising support trendline
📌 Yellow zone acting as breakout retest zone
📌 Clean upside potential with volume holding
⚙️ Trade Management Strategy
🔄 After TP1:
— Move SL to breakeven
— Lock partial profits
📈 Let the rest run toward TP2 with a trail stop
⚠️ Setup Invalidation
❌ Breakdown below $53.13
❌ Weak follow-through above yellow zone
❌ Volume drop post-breakout
