EVER/USD – 30-Min Long Trade Setup !📌🚀
🔹 Asset: EVER (EverQuote, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $26.89 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $26.09 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $27.85 (First Resistance Level)
📌 TP2: $28.81 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $26.89 - $26.09 = $0.80 risk per share
📈 Reward to TP1: $27.85 - $26.89 = $0.96 (1:1.2 R/R)
📈 Reward to TP2: $28.81 - $26.89 = $1.92 (1:2.4 R/R)
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Breakout: Price has formed an ascending triangle, a bullish continuation pattern.
📌 Bullish Momentum Building: A breakout above $26.89 with strong volume confirms the move.
📌 Volume Confirmation Needed: Ensure high buying volume when price breaks $26.89 to confirm upward momentum.
📌 Momentum Shift Expected: If the price holds above $26.89, a move toward $27.85 and then $28.81 is likely.
📊 Key Support & Resistance Levels
🟢 $26.09 – Stop-Loss / Support Level
🟡 $26.89 – Breakout Level / Long Entry
🔴 $27.85 – First Resistance / TP1
🔴 $28.81 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $26.89 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($26.89) after TP1 ($27.85) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $27.85, let the rest run toward $28.81.
✔ Adjust Stop-Loss to Break-even ($26.89) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $26.89 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $26.89 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $26.89 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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