FIVN – 30-Min Long Trade Setup!📈 🚀
🔹 Asset: Five9, Inc. (FIVN)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $28.62 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $27.75 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $29.64 (First Resistance Level)
📌 TP2: $30.93 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $28.62 - $27.75 = $0.87 per share
📈 Reward to TP1: $29.64 - $28.62 = $1.02 (1:1.17 R/R)
📈 Reward to TP2: $30.93 - $28.62 = $2.31 (1:2.65 R/R)
🔍 Technical Analysis & Strategy
📌 📈 Downtrend Breakout Setup – Price is attempting to break the descending trendline.
📌 Support Holding – Buyers stepping in at $28.62.
📌 Volume Confirmation Needed – A strong bullish candle above $28.62 confirms entry.
📌 Momentum Shift Expected – Breakout could lead to $29.64, then $30.93.
📊 Key Resistance & Support Levels
🔴 $29.64 – First Resistance / TP1
🟡 $28.62 – Breakout Level / Long Entry
⚪ $27.75 – Stop-Loss / Support Level
🟢 $30.93 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong buying pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven ($28.62) after hitting TP1 ($29.64).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $29.64, let the rest run to $30.93.
✔ Adjust SL to breakeven ($28.62) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price moves back below $28.62, exit early to limit losses.
❌ Wait for a strong bullish candle close above $28.62 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup Forming – Breakout signals potential upside movement.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.65 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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