ACHC – 30-Min Long Trade Setup!ACHC – 30-Min Long Trade Setup 📈🚀
🔹 Asset: ACHC – Acadia Healthcare Company, Inc. (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout (Trendline Break + Momentum Shift)
📊 Trade Plan (Long Position)
✅ Entry Zone: Above $29.55 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $28.68 (Key Support Level)
🎯 Take Profit Targets (TPs)
📌 TP1: $30.95 (Previous Resistance Zone)
📌 TP2: $32.48 (Breakout Level & Strong Resistance)
📌 TP3: $35.00 (Major Resistance & Psychological Level)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$29.55 - $28.68 = $0.87 risk per trade
📈 Reward to TP1:
$30.95 - $29.55 = $1.40 (1:1.6 R/R)
📈 Reward to TP2:
$32.48 - $29.55 = $2.93 (1:3.3 R/R)
📈 Reward to TP3:
$35.00 - $29.55 = $5.45 (1:6.3 R/R)
✅ Favorable Risk-Reward Ratio, strong breakout potential toward TP3
🔍 Technical Analysis & Strategy
📌 Trendline Breakout: Price has broken above a descending trendline, signaling bullish momentum.
📌 Key Resistance Flip: $30.95 is a critical breakout level; reclaiming it strengthens the setup.
📌 Squeeze Momentum Shift: Histogram turning blue, indicating increasing bullish pressure.
📌 Volume Confirmation Needed: Look for high buying volume above $29.55 to confirm strength.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying pressure before entering above $29.55.
📈 Trailing Stop Strategy: Move SL to break-even ($29.55) after hitting TP1 ($30.95).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($30.95) and let the rest run toward TP2 & TP3.
✔ Adjust Stop-Loss to Break-even ($29.55) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakout Risk: If the price falls back below $29.55, exit early.
❌ Confirmation Required: Wait for a 30-min candle close above $29.55 before entering.
🚀 Final Thoughts
✔ Bullish Setup – Strong upside potential.
✔ Trendline Break + Squeeze Shift – High confluence setup.
✔ Favorable Risk-Reward Ratio – 1:6.3 toward TP3.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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