ON Semiconductor Corporation (ON) – 30-Min Long Trade Setup!### 📌 ** 🚀**
🔹 **Asset:** ON Semiconductor Corp (**ON** – NASDAQ)
🔹 **Timeframe:** 30-Min Chart
🔹 **Setup Type:** **Symmetrical Triangle Breakout**
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### **📊 Trade Plan (Long Position)**
✅ **Entry Zone:** Above **$43.24** (Breakout Confirmation)
✅ **Stop-Loss (SL):** Below **$42.11** (Key Support Level)
🎯 **Take Profit Targets:**
📌 **TP1:** **$44.49** (First Resistance Level)
📌 **TP2:** **$46.07** (Extended Bullish Move)
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### **📊 Risk-Reward Ratio Calculation**
📉 **Risk (SL Distance):**
$43.24 - $42.11 = **$1.13 risk per share**
📈 **Reward to TP1:**
$44.49 - $43.24 = **$1.25** (**1:1.10 R/R**)
📈 **Reward to TP2:**
$46.07 - $43.24 = **$2.83** (**1:2.50 R/R**)
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### **🔍 Technical Analysis & Strategy**
📌 **Symmetrical Triangle Breakout:** Price is breaking above **trendline resistance**, signaling bullish momentum.
📌 **Key Resistance at $44.49:** Needs to **clear this level** for further upside to TP2.
📌 **Volume Confirmation Needed:** Ensure **above-average volume** above **$43.24** to validate breakout.
📌 **Support at $42.11:** A break below this invalidates the trade setup.
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### **📉 Trade Execution & Risk Management**
📊 **Volume Confirmation:** Look for **strong bullish volume** above **$43.24** before entering.
📉 **Trailing Stop Strategy:** Move SL to **entry ($43.24)** after TP1 is hit.
💰 **Partial Profit Booking Strategy:**
✔ Take **50% profits at $44.49**, let the rest run toward $46.07.
✔ Adjust **Stop-Loss to Break-even ($43.24)** after TP1 is reached.
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### **⚠️ Fake Breakout Risk**
❌ If price **fails to hold above $43.24**, exit early.
❌ Wait for a **30-min candle close** above the breakout level before entering.
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### **🚀 Final Thoughts**
✔ **Bullish Setup** – Strong breakout potential.
✔ **Momentum Shift Possible** – Watch for **volume confirmation**.
✔ **Favorable Risk-Reward Ratio** – **1:2.50** to TP2.
💡 **Stick to the plan, manage risk, and trade smart!** 🚀📈
🔗 **#ONStock #NASDAQ #SwingTrading #TradingView #ProfittoPath** 💰📊
